Bill Summary

HB 697 Drug Prices and Coverage (2026 Session)
Drug Prices and Coverage : Revises definition of term "pharmacy benefits plan or program" to exclude plan or program that exclusively serves PACE organization; requires contracts between pharmacy benefit managers & participating pharmacies to allow specified option in administrative appeal procedure; provides pharmacy benefit manager prohibited practices relating to pharmacies & pharmacists. Effective Date: July 1, 2026
12/09/25
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Filed
12/16/25
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Referred to Health Care Facilities & Systems Subcommittee; Budget Committee; Health & Human Services Committee
12/16/25
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Now in Health Care Facilities & Systems Subcommittee
01/16/26
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On Committee agenda - Health Care Facilities & Systems Subcommittee, 01/21/26, 4:00 pm, 404 H
01/21/26
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Favorable by Health Care Facilities & Systems Subcommittee; 15 Yeas, 1 Nay
01/21/26
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Now in Budget Committee
01/23/26
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On Committee agenda - Budget Committee, 01/27/26, 3:00 pm, 17 H
01/27/26
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Favorable by Budget Committee; 27 Yeas, 2 Nays
01/28/26
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Now in Health & Human Services Committee
02/24/26
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On Committee agenda - Health & Human Services Committee, 02/26/26, 3:30 pm, 17 H
02/26/26
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Favorable with CS by Health & Human Services Committee; 25 Yeas, 0 Nays
02/26/26
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Committee Substitute Text (C1) Filed
03/02/26
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Placed on Calendar, on 2nd reading
03/02/26
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Placed on Special Order Calendar, 03/05/26
03/05/26
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Read Second Time; Read Third Time; Passed (Vote: 108 Yeas / 0 Nays)
03/05/26
SENATE
In Messages
03/05/26
SENATE
Received; Referred to Rules
03/10/26
SENATE
Withdrawn from Rules; Placed on Calendar, on 2nd reading; Substituted for SBĀ 1760; Read Second Time; Amendment Adopted (664532); Read Third Time; Passed (Vote: 38 Yeas / 0 Nays)
03/10/26
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In returning messages
03/12/26
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Placed on Senate Returning Message List 4
03/12/26
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Received from Messages; Concurred with Amendment (664532); Passed (Vote: 108 Yeas / 0 Nays)
03/12/26
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Ordered engrossed, then enrolled
03/13/26
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Engrossed Text (E1) Filed
03/13/26
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Enrolled Text (ER) Filed
03/18/26
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Signed by Officers and presented to Governor (Governor must act on this bill by 04/02/26)
03/24/26
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Approved by Governor; Chapter No. 2026-4
0697
Filed on 12/09/25
PDF
Amendment 92027 DE
Filed on 02/25/26
Adopted
0697C1
Filed on 02/26/26
PDF
Amendment 664532
Filed on 03/10/26
Concurred
0697E1
Filed on 03/13/26
PDF
No amendments to this bill text filed.
0697ER
Filed on 03/13/26
PDF
No amendments to this bill text filed.
626.8825
626.8827