SB 209 Summary

• Pharmacists must charge consumers the lower amount between their insurance cost sharing or the pharmacy's retail price for prescription medications.

• Pharmacists must notify consumers when their insurance cost sharing exceeds the pharmacy retail price, and must disclose both prices upon request.

• Pharmacies must post notices informing consumers they can request the current pharmacy retail price at point of sale and maintain cost records for at least two years.

• Pharmacies and pharmacists are prohibited from entering contracts that prevent them from complying with these pricing provisions.

• Violations are subject to civil liability for the price difference plus fines of $500 for the first violation and $1,000 for subsequent violations, plus attorney fees; penalties are waived if a refund is offered within one year.