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2020 SESSION
SB 252 Pharmacy benefit managers; licensure and regulation.
Introduced by: John S. Edwards | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Pharmacy benefit managers; licensure and regulation. Provides that, beginning January 1, 2021, no person is authorized to provide pharmacy benefit management services or otherwise act as a pharmacy benefit manager without first obtaining a license from the State Corporation Commission. Such licenses are to be renewed annually. The bill prohibits a pharmacy benefit manager from participating in spread pricing, defined in the bill, and provides that except for any agreed-upon administrative fee, all funds, including any rebates received by the pharmacy benefit manager in relation to providing pharmacy benefit management services for a carrier, will be distributed to the carrier. This bill was incorporated into SB 251.
FULL TEXT
HISTORY
- 01/02/20 Senate: Prefiled and ordered printed; offered 01/08/20 20101087D
- 01/02/20 Senate: Referred to Committee on Commerce and Labor
- 01/15/20 Senate: Assigned C&L sub: Health Insurance
- 01/27/20 Senate: Incorporated by Commerce and Labor (SB251-Edwards) (15-Y 0-N)