Bill > S653

This bill aims to address the issue of prescription drug pricing by requiring health insurance issuers to disclose to enrollees if they may be subject to an "excess consumer cost burden" - a cost burden greater than what the insurer pays after accounting for rebates. The bill also requires insurers to annually certify that they made available to enrollees at least 50% of the rebates they received. The bill grants the Commissioner of Insurance enforcement authority, including the ability to suspend or revoke an insurer's license for non-compliance. Additionally, the bill applies these requirements to pharmacy benefit managers contracted with the state's Medicaid program.

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https://malegislature.gov/Bills/191/S653