Health insurance; updating maximum allowable cost pricing lists. (HB2031)

Introduced By

Del. Joseph Yost (R-Blacksburg)

Progress

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

Description

Health insurance; updating maximum allowable cost pricing lists. Requires any pharmacy benefits contract or provider contract entered into, amended, extended, or renewed on or after January 1, 2016, that provides for the use of maximum allowable cost as the basis for the amount of any reimbursement or payment of claims to a pharmacist or other person, to contain specific provisions that require the health carrier and pharmacy benefits administrator to update, not less frequently than once every seven days, any maximum allowable cost pricing list that is required or permitted to be used in connection with the pharmacy benefits contract or provider contract. A copy of each updated maximum allowable cost pricing list shall be provided to applicable pharmacists in advance of its use in connection with any reimbursement or payment of claims. The legislation establishes private rights of action for providers who suffer actual damages resulting from carrier violations of the bill's provisions. Providers are entitled to recover treble damages for any willful violations. The State Corporation Commission is given oversight concerning the bill's provisions. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/14/2015Committee
01/14/2015Prefiled and ordered printed; offered 01/14/15 15103472D
01/14/2015Referred to Committee on Commerce and Labor
01/22/2015Assigned C & L sub: Subcommittee #2
01/28/2015Impact statement from SCC (HB2031)
02/05/2015Reported from Commerce and Labor with substitute (22-Y 0-N) (see vote tally)
02/05/2015Committee substitute printed 15104254D-H1
02/07/2015Read first time
02/09/2015Read second time
02/09/2015Committee substitute agreed to 15104254D-H1
02/09/2015Engrossed by House - committee substitute HB2031H1
02/10/2015Read third time and passed House BLOCK VOTE (100-Y 0-N)
02/10/2015VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
02/11/2015Constitutional reading dispensed
02/11/2015Referred to Committee on Commerce and Labor
02/13/2015Impact statement from SCC (HB2031H1)
02/16/2015Reported from Commerce and Labor with amendment (15-Y 0-N) (see vote tally)
02/18/2015Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/19/2015Read third time
02/19/2015Reading of amendment waived
02/19/2015Committee amendment agreed to
02/19/2015Engrossed by Senate as amended
02/19/2015Passed Senate with amendment (38-Y 0-N) (see vote tally)
02/20/2015Placed on Calendar
02/23/2015Senate amendment agreed to by House (97-Y 0-N)
02/23/2015VOTE: ADOPTION (97-Y 0-N) (see vote tally)
02/26/2015Enrolled
02/26/2015Bill text as passed House and Senate (HB2031ER)
02/26/2015Signed by Speaker
02/26/2015Signed by President
02/27/2015G Governor's Action Deadline Midnight, Monday, March 30, 2015
02/27/2015Enrolled Bill communicated to Governor on 2/27/15
02/27/2015Impact statement from SCC (HB2031ER)
02/27/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/23/2015G Approved by Governor-Chapter 518 (effective 1/1/16 see bill)
03/23/2015G Acts of Assembly Chapter text (CHAP0518)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 45 seconds.