Pharmacy benefits managers; regulation thereof. (HB1954)

Introduced By

Del. Harvey Morgan (R-Gloucester)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Failed


01/05/2007Prefiled and ordered printed; offered 01/10/07 070147428
01/05/2007Referred to Committee on Health, Welfare and Institutions
01/16/2007Referred from Health, Welfare and Institutions
01/16/2007Referred to Committee on Commerce and Labor
01/22/2007Impact statement from SCC (HB1954)
02/06/2007Left in Commerce and Labor