SB 2047: INSURANCE COMMISSIONER; PHARMACY BENEFIT MANAGERS; PRESCRIPTION DRUGS; MAXIMUM ALLOWABLE COST; CONTRACTING PHARMACIES; APPROPRIATION
- Session Year: 2025-2026
- House: Senate
- Latest Version Date: 2026-03-19
Current Status:
In Progress
(2026-03-18: The committee on HLT recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Takayama, Keohokapu-Lee Loy, Amato, Marten, Olds, Takenouchi, Alcos, Garcia; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Hartsfield.)
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 1/30/2050. (HD1)
Discussed in Hearing
1MINSenate Standing Committee on Agriculture and Environment
1MINSenate Standing Committee on Health and Human Services
1MIN