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ID H0353
Bill
Status
3/3/2025
Primary Sponsor
Health and Welfare Committee
Click for details
AI Summary
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Insurers must count payments made by third parties (including manufacturer coupons) toward an enrollee's deductible and out-of-pocket maximums for covered prescription drugs, effective January 1, 2027
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Drug manufacturers providing financial assistance must deliver the full value to enrollees until cost-sharing requirements are met, cannot discontinue coupons mid-year, and must notify enrollees by October 1 if assistance will end the following year
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Manufacturers must offer uninsured individuals assistance on terms no less favorable than insured individuals and cannot provide assistance as post-claim reimbursements
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Annual reporting required by August 1, 2027 (and each year thereafter) to the Department of Insurance on patient counts, total assistance value, eligibility terms, and state sales for each drug with assistance programs
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Provisions do not apply when a medically appropriate generic equivalent or biosimilar is available and deemed appropriate by the patient's doctor
Legislative Description
Adds to existing law to establish certain cost-sharing requirements for health benefit plans.
INSURANCE
Last Action
Reported Printed and Referred to Health & Welfare
3/4/2025