Bill Summary

SB 1444 Prescription Drug Benefits (2020 Session)
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Sponsors
by Harrell Co Sponsors: Mayfield
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Summary
Prescription Drug Benefits; Citing this act as the “Prescription Drug Cost Reduction Act”; providing that pharmacy benefit managers have a fiduciary duty and obligation to specified individuals and entities; requiring group health plans, health insurers, and certain pharmacy benefit managers to base plan beneficiaries’ and insureds’ coinsurance obligations for certain prescription drugs on specified drug prices; providing circumstances under which contracts between health insurers or health maintenance organizations and pharmacy benefit managers are void and against the public policy, etc. Effective Date: 1/1/2021
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committees of reference
» S Banking and Insurance
   S Appropriations Subcommittee on Health and Human Services
   S Appropriations
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Actions
01/06/20
SENATE
Filed
01/13/20
SENATE
Referred to Banking and Insurance; Appropriations Subcommittee on Health and Human Services; Appropriations
03/14/20
SENATE
Indefinitely postponed and withdrawn from consideration
03/14/20
SENATE
Died in Banking and Insurance
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bill text & filed amendments
1444
Filed on 01/06/20
PDF
No amendments to this bill text filed.
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Statute Citations
409.9201
458.331
459.015
465.003
465.014
465.015
465.0156
465.016
465.0197
465.022
465.023
465.1901
465.203
499.003
624.49
627.42385
627.64741
627.6572
641.314
893.02
Research & Reports
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