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Tracking Virginia’s General Assembly
since 2007.

Search 2008 Bills:

SB1084: Pharmacy benefits management; payment for clean claims submitted electronically.

Chief Patron

Sen. Phil Puckett (D-38)

Phil Puckett (D-38)
Served: 1998–

Progress

Yes Introduced
Yes Passed Committee
Yes Passed House
Yes Passed Senate
Signed by Governor
Became Law

Status

03/08/2007: Passed the Senate

View Entire History

Summary

Pharmacy benefits management.  Prohibits a covered entity from contracting for pharmacy benefits management unless the pharmacy benefits manager has agreed in writing that the pharmacy benefits manager shall not keep any incentive or compensation from a manufacturer or distributor with regard to the policyowner’s claims. The pharmacy benefits manager is also required to agree to disclose its actual acquisition costs and any rebates or compensation from a manufacturer or distributor. A pharmacy benefits manager is prohibited from charging more for drugs than the pharmacy benefits manager’s actual acquisition costs for the drug, except for an administrative fee. In addition, pharmacy benefits managers shall agree to give the group or individual policyowner the right to audit its records.

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Bill Text

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