SB 1444: Prescription Drug Benefits
Prescription Drug Benefits; Citing this act as the “Prescription Drug Cost Reduction Act”; providing that pharmacy benefit managers have a fiduciary duty and obligation to specified individuals and entities; requiring group health plans, health insurers, and certain pharmacy benefit managers to base plan beneficiaries’ and insureds’ coinsurance obligations for certain prescription drugs on specified drug prices; providing circumstances under which contracts between health insurers or health maintenance organizations and pharmacy benefit managers are void and against the public policy, etc.
Last Action: 3/14/2020 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
• Referred to Banking and Insurance; Appropriations Subcommittee on Health and Human Services; Appropriations -SJ 107
• Introduced -SJ 106
• Indefinitely postponed and withdrawn from consideration
• Died in Banking and Insurance
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