VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2018 SESSION

• | print version

HB 573 Health insurance rate reviews; pharmacy benefit price spread.

Introduced by: M. Keith Hodges | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Health insurance rate reviews; pharmacy benefit price spread. Requires the State Corporation Commission (Commission) to treat the price spread on any contract between the issuer of a health benefit plan and its pharmacy benefit manager as an administrative cost of the issuer. The issuer's administrative costs are required to be excluded from the amount of benefits provided under a health benefit plan when the Commission determines the health benefit plan's anticipated loss ratio. The measure codifies portions of the Commission's regulations promulgated to implement the requirement that it review and approve the premium rates for health benefit plans, including the requirement that the benefits provided by a health benefit plan are reasonable in relation to the premiums charged.

FULL TEXT

• 01/08/18  House: Prefiled and ordered printed; offered 01/10/18 18100315D  pdf | impact statement

HISTORY

• 01/08/18  House: Prefiled and ordered printed; offered 01/10/18 18100315D
• 01/08/18  House: Referred to Committee on Commerce and Labor
• 02/01/18  House: Passed by indefinitely in Commerce and Labor (19-Y 0-N)