MA S601

Bill

To reduce the cost of pharmacy benefits

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to reduce the cost of pharmacy benefits . Financial Services.

AI Summary

This bill aims to reduce the cost of pharmacy benefits by introducing several key provisions. It defines a "pharmacy benefit manager" as an entity that manages prescription drug coverage on behalf of health carriers, self-insurance plans, or other third-party payers. The bill prohibits pharmacy benefit managers from requiring accreditation standards or financial incentives that favor specific pharmacies in which the manager has an ownership interest. It also requires pharmacy benefit managers to submit an annual transparency report detailing the rebates and administrative fees they receive from pharmaceutical manufacturers, as well as the percentage of those rebates that are not passed on to their health carrier clients. The Massachusetts Attorney General can impose civil fines for violations of these provisions, and the Health Policy Commission will publish a report on the total cost of pharmacy benefit management services to aid in negotiating cost-effective contracts.

Committee Categories

Business and Industry

Sponsors (7)

Jamie Eldridge (D), Pat Jehlen (D), Brad Jones (R), Paul McMurtry (D), Alan Silvia (D), Bruce Tarr (R), Steve Ultrino (D),

Last Action

Accompanied a study order, see S2543 (on 02/18/2020)

Official Document

https://malegislature.gov/Bills/191/S601

(7 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S601
Bill	https://malegislature.gov/Bills/191/S601.pdf

Bill	Bill Name	Last Action	Type
H2232	To provide fair and affordable public retiree benefits	Accompanied a study order, see H4722	Similar To
H2289	Relative to the cost of living adjustment for local retirees	Accompanied a study order, see H4722	Similar To
H2745	Identifying corporate irresponsibility	Accompanied a study order, see H5103	Similar To
H2755	Eliminate the MGL30B exemption for solid waste, recycling, etc	Committee reported that the matter be placed in the Orders of the Day for the next sitting for a second reading	Similar To
H798	To reduce solid waste, increase recycling and generate municipal cost savings	Accompanied S520	Similar To
S2543	Order relative to authorizing the joint committee on Financial Services to make an investigation and study of certain current Senate documents relative to financial services issues	Discharged to the committee on Senate Rules	Replaced by
S523	Providing funding for clean energy and energy efficiency measures for the Commonwealth	Accompanied a study order, see S2540	Similar To

Bill > S601

MA S601

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (7)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary