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KY SB128
Bill
Status
Introduced
1/27/2026
Primary Sponsor
Stephen Meredith
Click for details
AI Summary
- Requires insurers, pharmacy benefit managers, and pharmacy benefits administrators to calculate insured cost sharing for prescription drugs at the point of sale, with 100% of rebates received or estimated to be received passed through to reduce the insured's cost sharing amount
- Mandates that rebates not used to reduce cost sharing must be passed on to the health plan to reduce premiums charged to insureds
- Protects rebate information (product-specific, manufacturer-specific, or pharmacy-specific amounts) as trade secrets, prohibiting disclosure except for regulatory compliance purposes
- Prohibits insurers and PBMs from charging insureds more than what they would pay without coverage, penalizing pharmacies for compliance, or excluding cost-sharing amounts paid by or on behalf of insureds when calculating deductible contributions
- Applies to health plans issued or renewed on or after January 1, 2027, including state employee health plans, limited health service organizations, and self-insured postsecondary education institution plans
Legislative Description
AN ACT relating to prescription drugs.
Local Mandate
Last Action
to Committee on Committees (S)
1/27/2026
Committee Referrals
Committee on Committees1/27/2026
Full Bill Text
No bill text available