SB 8 IN Became Law
Prescription drug rebates and pricing.
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Summary
Requires a pharmacy benefit manager to provide a report to the department of insurance at least every six months. Provides that the report must include the: (1) overall aggregate amount charged to a health plan for all pharmaceutical claims processed by the pharmacy benefit manager; and (2) overall aggregate amount paid to pharmacies for claims processed by the pharmacy benefit manager. Requires that, for individual health insurance coverage, the defined cost sharing for a prescription drug be calculated at the point of sale and based on a price that is reduced by an amount equal to at least 85% of all rebates in connection with the dispensing or administration of the prescription drug. Requires that, for group health insurance coverage, an insurer: (1) pass through to a plan sponsor 100% of all rebates concerning the dispensing or administration of prescription drugs to the covered individuals of the plan sponsor; (2) provide a plan sponsor, at the time of contracting, the option of calculating defined cost sharing for covered individuals of the plan sponsor at the point of sale based on a price that is reduced by some or all of the rebates received concerning the dispensing or administration of the prescription drug; and (3) disclose specified information to the plan sponsor. Allows the department of insurance to enforce the provisions and impose a civil penalty.
Sponsors (4)
- Ed Charbonneau Republican · author
- Mike Bohacek Republican · author
- Vaneta Becker Republican · author
- Donna Schaibley · sponsor
7 coauthors / cosponsors
- Justin Busch Republican · coauthor
- Stacey Donato Republican · coauthor
- Michael Crider Republican · coauthor
- Lonnie Randolph Democratic · coauthor
- Brad Barrett Republican · cosponsor
- Julie Olthoff Republican · cosponsor
- Gregory Porter Democratic · cosponsor
Action history (42)
- Jan 9, 2023 Authored by Senator Charbonneau · upper
- Jan 9, 2023 First reading: referred to Committee on Health and Provider Services · upper
- Jan 30, 2023 Senator Bohacek added as second author · upper
- Jan 30, 2023 Senator Becker added as third author · upper
- Feb 13, 2023 Senator Busch added as coauthor · upper
- Feb 14, 2023 Senators Donato and Johnson added as coauthors · upper
- Feb 16, 2023 Committee report: do pass, adopted · upper
- Feb 16, 2023 Senator Crider added as coauthor · upper
- Feb 20, 2023 Amendment #1 (Charbonneau) prevailed; voice vote · upper
- Feb 20, 2023 Second reading: amended, ordered engrossed · upper
- Feb 21, 2023 Senator Randolph added as coauthor · upper
- Feb 23, 2023 Third reading: passed; Roll Call 153: yeas 42, nays 5 · upper
- Feb 23, 2023 House sponsor: Representative Schaibley · upper
- Feb 23, 2023 Cosponsor: Representative Barrett · upper
- Feb 24, 2023 Referred to the House · upper
- Feb 28, 2023 First reading: referred to Committee on Insurance · lower
- Mar 13, 2023 Representative Olthoff added as cosponsor · lower
- Apr 6, 2023 Committee report: amend do pass, adopted · lower
- Apr 11, 2023 Amendment #1 (Schaibley) prevailed; voice vote · lower
- Apr 11, 2023 Representative Porter added as cosponsor · lower
- Apr 11, 2023 Second reading: amended, ordered engrossed · lower
- Apr 12, 2023 Third reading: passed; Roll Call 406: yeas 94, nays 0 · lower
- Apr 12, 2023 Returned to the Senate with amendments · lower
- Apr 13, 2023 Motion to dissent filed · upper
- Apr 13, 2023 Senate dissented from House amendments · upper
- Apr 18, 2023 House conferees appointed: Carbaugh and Shackleford · lower
- Apr 18, 2023 House advisors appointed: Barrett, Lehman, Schaibley and Porter · lower
- Apr 19, 2023 Senate conferees appointed: Charbonneau and Breaux · upper
- Apr 19, 2023 Senate advisors appointed: Melton and Bohacek · upper
- Apr 27, 2023 Representative Schaibley removed as advisor · lower
- Apr 27, 2023 Representative Carbaugh removed as conferee · lower
- Apr 27, 2023 Representative Schaibley added as conferee · lower
- Apr 27, 2023 CCR # 1 filed in the Senate · upper
- Apr 27, 2023 CCR # 1 filed in the House · lower
- Apr 27, 2023 Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 550: yeas 72, nays 21 · lower
- Apr 27, 2023 Rules Suspended. Conference Committee Report 1: adopted by the Senate; Roll Call 525: yeas 40, nays 9 · upper
- Apr 27, 2023 Senator Johnson removed as coauthor · upper
- Apr 28, 2023 Signed by the President Pro Tempore · upper
- Apr 28, 2023 Signed by the President of the Senate · upper
- May 1, 2023 Signed by the Speaker · lower
- May 4, 2023 Public Law 166 · upper
- May 4, 2023 Signed by the Governor · executive
Text versions (6)
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.
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