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2024 SESSION
SB 660 Health insurance; pharmacy benefits managers, reporting requirements, civil penalty.
Introduced by: Jennifer D. Carroll Foy | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Health insurance; pharmacy benefits managers; reporting requirements; civil penalty. Provides that a person that violates the existing requirement to obtain a license prior to providing pharmacy benefits management services or otherwise acting as a pharmacy benefits manager may be subject to a civil penalty of $5,000 for each day on which such violation occurs. The bill adds additional requirements to existing reporting requirements for insurance carriers relating to pharmacy benefits managers. Such additional requirements include (i) the aggregate amount of a pharmacy benefits manager's retained rebates, as defined in the bill; (ii) a pharmacy benefits manager's aggregate retained rebate percentage, as defined in the bill; and (iii) the aggregate amount of administrative fees received by a pharmacy benefits manager. This bill is identical to HB 1402.
FULL TEXT
- 01/15/24 Senate: Presented and ordered printed 24104081D pdf | impact statement
- 02/08/24 Senate: Printed as engrossed 24104081D-E pdf | impact statement
- 02/26/24 Senate: Bill text as passed Senate and House (SB660ER) pdf | impact statement
- 04/08/24 Governor: Acts of Assembly Chapter text (CHAP0626) pdf
AMENDMENTS
HISTORY
- 01/15/24 Senate: Presented and ordered printed 24104081D
- 01/15/24 Senate: Referred to Committee on Commerce and Labor
- 02/05/24 Senate: Reported from Commerce and Labor with amendments (15-Y 0-N)
- 02/07/24 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/08/24 Senate: Read second time
- 02/08/24 Senate: Reading of amendments waived
- 02/08/24 Senate: Committee amendments agreed to
- 02/08/24 Senate: Engrossed by Senate as amended SB660E
- 02/08/24 Senate: Printed as engrossed 24104081D-E
- 02/08/24 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/08/24 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/14/24 House: Placed on Calendar
- 02/14/24 House: Read first time
- 02/14/24 House: Referred to Committee on Labor and Commerce
- 02/15/24 House: Reported from Labor and Commerce (19-Y 0-N)
- 02/19/24 House: Read second time
- 02/20/24 House: Read third time
- 02/20/24 House: Passed House BLOCK VOTE (98-Y 0-N)
- 02/20/24 House: VOTE: Block Vote Passage (98-Y 0-N)
- 02/26/24 Senate: Enrolled
- 02/26/24 Senate: Bill text as passed Senate and House (SB660ER)
- 02/26/24 House: Signed by Speaker
- 02/29/24 Senate: Signed by President
- 03/11/24 Senate: Enrolled Bill Communicated to Governor on March 11, 2024
- 03/11/24 Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
- 04/08/24 Governor: Approved by Governor-Chapter 626 (effective 7/1/24)
- 04/08/24 Governor: Acts of Assembly Chapter text (CHAP0626)