Pharmacy benefits managers; regulation thereof. (HB1954)
Introduced By
Del. Harvey Morgan (R-Gloucester)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Pharmacy benefits managers. Establishes requirements for the regulation of pharmacy benefits managers within the Commonwealth. The measure provides that a pharmacy benefits manager owes a fiduciary duty to an entity providing health coverage, and requires a pharmacy benefits manager to perform its duties with care, skill, prudence, and diligence and in accordance with the standards of conduct applicable to a fiduciary in an enterprise of a like character and with like aims. In addition, it establishes requirements for prompt payment of claims and disclosures and other contractual provisions in agreements between pharmacy benefits managers and pharmacy providers. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/05/2007 | Committee |
01/05/2007 | Prefiled and ordered printed; offered 01/10/07 070147428 |
01/05/2007 | Referred to Committee on Health, Welfare and Institutions |
01/16/2007 | Referred from Health, Welfare and Institutions |
01/16/2007 | Referred to Committee on Commerce and Labor |
01/22/2007 | Impact statement from SCC (HB1954) |
02/06/2007 | Left in Commerce and Labor |