SB 2047: INSURANCE COMMISSIONER; PHARMACY BENEFIT MANAGERS; PRESCRIPTION DRUGS; MAXIMUM ALLOWABLE COST; CONTRACTING PHARMACIES; APPROPRIATION
- Session Year: 2025-2026
- House: Senate
- Latest Version Date: 2026-03-27
Current Status:
Failed
(2026-03-30: Report adopted; referred to the committee(s) on FIN as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Lowen, Perruso, Quinlan excused (4).)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
Establishes certain requirements for pharmacy benefit managers, other than health maintenance organizations that own and operate their own pharmacies, that reimburse contracting pharmacies for drugs on a maximum allowable cost basis. Allows contracting pharmacies to reverse and rebill claims if a maximum allowable cost is denied on appeal. Authorizes the Insurance Commissioner to assess fines for violations. Appropriates funds. Effective 7/1/3000. (HD2)
Discussed in Hearing
50SECConference Committee
2MINHouse Standing Committee on Consumer Protection & Commerce
37SECHouse Standing Committee on Consumer Protection & Commerce
6MINHouse Standing Committee on Health
6MINHouse Standing Committee on Human Services & Homelessness
2MINHouse Standing Committee on Health
2MINHouse Standing Committee on Human Services & Homelessness
1MIN