CT HB06436

Insurance Commissioner may now engage actuaries, actuarial firms, or other independent experts directly for mandated health benefit reviews, removing the previous requirement to contract exclusively with UConn's Center for Public Health and Health Policy (effective October 1, 2025)

Pharmacy benefits manager annual reporting deadline extended from February 1, 2025 to March 1, 2026, with reports covering aggregate rebate amounts collected from pharmaceutical manufacturers

Commissioner's annual report to the legislature on pharmacy benefit manager data delayed from March 1, 2025 to April 1, 2026

Pharmacy benefits managers face penalties up to $7,500 per violation of reporting requirements; submitted rebate information is exempt from Freedom of Information Act disclosure

Insurance Commissioner's authority to adopt regulations for certain health insurance provisions changed from mandatory ("shall") to discretionary ("may")