(at the request of Senate Interim Committee on Health Care)
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Regular Sponsors:
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Bill Title:
Relating to pharmacy benefit managers.
Catchline/Summary:
Authorizes Department of Consumer and Business Services to adopt by rule fees that are reasonably calculated to pay costs associated with administering laws regulating pharmacy benefit managers. Authorizes Department of Consumer and Business Services to adopt by rule fees that are reasonably calculated to pay costs associated with administering laws regulating pharmacy benefit managers.
Provides department with power to civilly enforce laws regulating pharmacy benefit managers.
Requires pharmacy benefit managers to reimburse network pharmacies for drugs at rate that is not less than price of drugs specified in most recently updated version of list establishing maximum allowable costs for drugs.]
Provides department with power to examine and investigate pharmacy benefit managers.
Updates and clarifies laws regulating pharmacy benefit managers.
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SB 1505 Joint Committee On Ways and Means Subcommittee On Human Services
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