SB 131 IN Passed One Chamber
Disclosures related to prescription drugs.
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Summary
Beginning January 1, 2022, requires a state employee health plan, a policy of accident and sickness insurance, and a health maintenance organization contract to provide to a covered individual the maximum allowable cost of a generic drug on the written materials provided at the point of sale. Provides that if an agreement between a health plan and a pharmacy benefit manager that is entered into or renewed after December 31, 2021, provides that less than 85% of the estimated rebates will be deducted from the cost of prescription drugs before a covered individual's cost sharing requirement is determined, the pharmacy benefit manager must provide the policyholder with a notice on an annual basis that includes: (1) an explanation of what a rebate is; (2) an explanation of how rebates accrue to the health plan from the manufacturer; and (3) the aggregate amount of rebates that accrued to the health plan for prescription drugs dispensed under the policyholder's health plan for the previous year.
Sponsors (4)
- Mike Bohacek Republican · author
- Ron Alting Republican · author
- Kyle Walker Republican · author
- Ann Vermilion · sponsor
9 coauthors / cosponsors
- Aaron Freeman Republican · coauthor
- Scott Baldwin Republican · coauthor
- Blake Doriot Republican · coauthor
- Ronald Grooms · coauthor
- Lonnie Randolph Democratic · coauthor
- Ed Charbonneau Republican · coauthor
- Vaneta Becker Republican · coauthor
- Steven Davisson · cosponsor
- Jim Pressel Republican · cosponsor
Action history (21)
- Jan 5, 2021 Authored by Senators Walker K and Bohacek · upper
- Jan 5, 2021 First reading: referred to Committee on Insurance and Financial Institutions · upper
- Jan 12, 2021 Senator Bohacek removed as second author · upper
- Jan 12, 2021 Senator Walker K removed as author · upper
- Jan 12, 2021 Senator Bohacek added as author · upper
- Jan 12, 2021 Senator Alting added as second author · upper
- Jan 12, 2021 Senator Walker K added as third author · upper
- Jan 28, 2021 Senator Freeman added as coauthor · upper
- Feb 1, 2021 Senator Baldwin added as coauthor · upper
- Feb 4, 2021 Senator Doriot added as coauthor · upper
- Feb 4, 2021 Senator Grooms added as coauthor · upper
- Feb 4, 2021 Senator Randolph added as coauthor · upper
- Feb 4, 2021 Committee report: amend do pass, adopted · upper
- Feb 18, 2021 Amendment #5 (Bohacek) prevailed; voice vote · upper
- Feb 18, 2021 Second reading: amended, ordered engrossed · upper
- Feb 18, 2021 Senators Charbonneau and Becker added as coauthors · upper
- Feb 22, 2021 Cosponsors: Representatives Davisson and Pressel · upper
- Feb 22, 2021 House sponsor: Representative Vermilion · upper
- Feb 22, 2021 Third reading: passed; Roll Call 150: yeas 32, nays 17 · upper
- Feb 23, 2021 Referred to the House · upper
- Mar 4, 2021 First reading: referred to Committee on Financial Institutions and Insurance · lower
Text versions (3)
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