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HI SB667

Bill

Official Source

Status

Introduced

1/18/2013

Primary Sponsor

Josh Green

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Regulates pharmacy benefit management (PBM) companies in Hawaii by requiring registration with the Insurance Commissioner beginning January 1, 2014

  • Authorizes periodic audits of pharmacies that submit claims to PBM companies to ensure compliance and prevent fraud

  • Requires PBM companies to disclose drug costs and financial contract information to enrollees

  • Prohibits certain predatory pricing practices by PBM companies and establishes penalties for violations

  • Requires the Insurance Commissioner to consult with the Board of Pharmacy when adopting rules to implement the measure

Legislative Description

Pharmacy Benefit Management Companies

Last Action

Report adopted; Passed Second Reading, as amended (SD 1) and referred to JDL.

2/15/2013

Committee Referrals

Judiciary and Labor2/15/2013
Health1/22/2013

Full Bill Text

No bill text available