SEARCH SITE
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.
2019 SESSION
HB 2516 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; minimum anticipated loss ratios; 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 benefits manager as an administrative cost of the issuer. The measure requires the issuer's administrative costs 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
HISTORY
- 01/09/19 House: Prefiled and ordered printed; offered 01/09/19 19102959D
- 01/09/19 House: Referred to Committee on Commerce and Labor
- 01/15/19 House: Assigned C & L sub: Subcommittee #1
- 01/29/19 House: Subcommittee recommends laying on the table (6-Y 1-N)
- 02/05/19 House: Left in Commerce and Labor