Pharmacy benefits managers; requirements for regulation and registration. (HB945)

Introduced By

Del. Harvey Morgan (R-Gloucester) with support from co-patron Del. John O'Bannon (R-Richmond)

Description

Pharmacy benefits managers. Establishes requirements for the regulation and registration of pharmacy benefits managers, which are entities that administer or manage prescription drug benefits and whose services include the procurement of prescription drugs at a negotiated rate for dispensation within the Commonwealth, processing prescription drug claims, administering payments related to prescription drug claims, and negotiating contractual arrangements with pharmacy providers. The measure also establishes requirements for disclosures and other contractual provisions in agreements between pharmacy benefits managers and pharmacy providers. The measure also prohibits health insurers, corporations providing preferred provider subscription contracts, and health maintenance organizations from imposing upon any person receiving pharmaceutical benefits furnished under a policy, plan, or contract a different copayment, fee, or condition for persons that have prescriptions filled at a participating pharmacy other than a mail order pharmacy, regardless of the number of months for which the prescription is written. Amends § 38.2-3407.15, § 38.2-3407.4:2, § 38.2-3407.5, § 38.2-3407.5:1, § 38.2-3407.6:1, § 38.2-3407.7, § 38.2-3407.9:01, § 38.2-3407.9:02, § 38.2-4209.1, § 38.2-4214, § 38.2-4312.1, § 38.2-4319, § 38.2-4509, of the Code of Virginia. View Full Text »

Outcome

History

No Richmond Sunlight visitors voted on this bill while voting was open.