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)

Progress

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

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. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/10/2006Prefiled and ordered printed; offered 01/11/06 064267300
01/10/2006Referred to Committee on Commerce and Labor
01/24/2006Assigned C & L sub: Insurance (Hargrove)
01/30/2006Fiscal impact statement from DPB (HB945)
02/02/2006Continued to 2007 in Commerce and Labor
12/05/2006Tabled in Commerce and Labor