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2007 SESSION

• | print version

HB 1954 Pharmacy benefits managers; regulation thereof.

Introduced by: Harvey B. Morgan | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Pharmacy benefits managers.  Establishes requirements for the regulation of pharmacy benefits managers within the Commonwealth. The measure provides that a pharmacy benefits manager owes a fiduciary duty to an entity providing health coverage, and requires a pharmacy benefits manager to perform its duties with care, skill, prudence, and diligence and in accordance with the standards of conduct applicable to a fiduciary in an enterprise of a like character and with like aims. In addition, it establishes requirements for prompt payment of claims and disclosures and other contractual provisions in agreements between pharmacy benefits managers and pharmacy providers.

FULL TEXT

• 01/05/07  House: Prefiled and ordered printed; offered 01/10/07 070147428  pdf | impact statement

HISTORY

• 01/05/07  House: Prefiled and ordered printed; offered 01/10/07 070147428
• 01/05/07  House: Referred to Committee on Health, Welfare and Institutions
• 01/16/07  House: Referred from Health, Welfare and Institutions by voice vote
• 01/16/07  House: Referred to Committee on Commerce and Labor
• 02/06/07  House: Left in Commerce and Labor