SB 188 KY

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Became Law

Create new sections of Subtitle 17A of KRS Chapter 304 to define terms for pharmacy-related insurance practices; require insurers, pharmacy benefit managers, and other pharmacy benefits administrators to establish reasonably adequate and accessible pharmacy networks; require the filing of an annual report; require the insurance commissioner to review pharmacy networks; provide that information and data acquired by the Department of Insurance shall be considered proprietary and not subject to disclosure under KRS 61.870 to 61.884 relating to open records; establish requirements for certain contracts between a pharmacy or pharmacist and an insurer, a pharmacy benefit manager, or any other pharmacy benefits administrator; establish prohibited conduct and requirements for certain pharmacy-related insurance practices; establish a complaint process for insureds, pharmacies, and pharmacists impacted by a violation of certain pharmacy-related insurance laws; create a new section of Subtitle 99 of KRS Chapter 304 to authorize the insurance commissioner to order reimbursement to persons who incurred a monetary loss as a result of a violation of certain pharmacy-related insurance laws; amend KRS 304.9-053 to require certain filings; amend KRS 304.9-054 to establish requirements for pharmacy benefit manager licensure; amend KRS 304.9-055 to permit the insurance commissioner to promulgate administrative regulations relating to pharmacy benefit managers; amend KRS 304.14-120 to require the insurance commissioner to review certain health plans; amend KRS 304.17A-712 to conform; amend KRS 304.17C-125 to apply certain pharmacy-related insurance laws to limited health service benefit plans, including limited health service contracts; amend KRS 304.38A-115 to apply certain pharmacy-related insurance laws to limited health service organizations; create a new section of KRS Chapter 18A to require the state employee health plan and state agencies to comply with certain pharmacy-related insurance laws; amend KRS 367.828 to establish certain requirements for health discount plans relating to prescription drugs; make technical corrections; repeal KRS 304.38A-120, relating to assignment of certain benefits under limited health service organization plans, to consolidate provisions; apply various sections to contracts issued or renewed on or after January 1, 2025; require the insurance commissioner to promulgate administrative regulations to implement this Act on or before January 1, 2025; EFFECTIVE, in part, January 1, 2025.

• M. Wise Republican · primary
• S. Meredith Republican · primary
• K. Berg Democratic · primary
• G. Boswell Republican · primary
• M. Deneen Republican · primary
• D. Douglas Republican · primary
• G. Elkins Republican · primary
• S. Funke Frommeyer Republican · primary
• R. Girdler Republican · primary
• J. Higdon Republican · primary
• J. Howell Republican · primary
• R. Mills Republican · primary
• G. Neal Democratic · primary
• A. Southworth · primary
• B. Storm Republican · primary
• R. Thomas Democratic · primary
• L. Tichenor Republican · primary
• R. Webb Republican · primary
• S. West Republican · primary
• P. Wheeler Republican · primary
• M. Wilson Republican · primary
• D. Yates · primary

1. Feb 8, 2024 introduced in Senate · upper
2. Feb 8, 2024 to Committee on Committees (S) · upper
3. Feb 12, 2024 to Banking & Insurance (S) · upper
4. Mar 6, 2024 taken from Banking & Insurance (S) · upper
5. Mar 6, 2024 1st reading · upper
6. Mar 6, 2024 returned to Banking & Insurance (S) · upper
7. Mar 11, 2024 taken from Banking & Insurance (S) · upper
8. Mar 11, 2024 2nd reading · upper
9. Mar 11, 2024 returned to Banking & Insurance (S) · upper
10. Mar 14, 2024 reported favorably, to Rules with Committee Substitute (1) as a consent bill · upper
11. Mar 22, 2024 floor amendment (1) filed to Committee Substitute · upper
12. Mar 25, 2024 posted for passage in the Regular Orders of the Day for Tuesday, March 26, 2024 · upper
13. Mar 26, 2024 3rd reading, passed 35-1 with Committee Substitute (1) and Floor Amendment (1) · upper
14. Mar 26, 2024 received in House · lower
15. Mar 26, 2024 to Committee on Committees (H) · lower
16. Mar 26, 2024 to Banking & Insurance (H) · lower
17. Mar 26, 2024 taken from Banking & Insurance (H) · lower
18. Mar 26, 2024 1st reading · upper
19. Mar 26, 2024 returned to Banking & Insurance (H) · lower
20. Mar 27, 2024 reported favorably, 2nd reading, to Rules · upper
21. Mar 28, 2024 placed in the Orders of the Day · upper
22. Mar 28, 2024 3rd reading, passed 97-0 · upper
23. Mar 28, 2024 received in Senate · upper
24. Mar 28, 2024 enrolled, signed by President of the Senate · upper
25. Mar 28, 2024 enrolled, signed by Speaker of the House · lower
26. Mar 28, 2024 delivered to Governor · upper
27. Apr 5, 2024 signed by Governor (Acts Ch. 104) · upper

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Acts Chapter 104 · PDF
• Current/Final · PDF
• Introduced · PDF