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CT SB00958
Bill
Status
5/8/2013
Primary Sponsor
Insurance and Real Estate Committee
Click for details
AI Summary
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Pharmacy benefits managers must pay claims to pharmacies by electronic funds transfer upon written request from the pharmacy, effective October 1, 2013.
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Payments made via electronic funds transfer must comply with the time periods specified under section 38a-816.
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The insurance commissioner retains authority to conduct investigations, hold hearings, issue subpoenas, and compel testimony regarding pharmacy benefits manager regulations.
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Any person aggrieved by a commissioner decision under pharmacy benefits manager regulations may appeal in accordance with section 4-183.
Legislative Description
An Act Concerning Electronic Funds Transfer Payments By Pharmacy Benefits Managers To Pharmacies.
Last Action
House Calendar Number 554
5/9/2013