Bill > SB196

This bill amends The Insurance Company Law of 1921 to provide requirements for calculating an insured's cost-sharing contributions under a health insurance policy. It mandates that insurers and pharmacy benefit managers (PBMs) must include any cost-sharing amounts paid by the insured or on their behalf by another person when determining the insured's contribution. The bill defines key terms like "cost-sharing" and "health insurance policy" and specifies that these provisions apply to policies issued, entered into, or renewed on or after the effective date of the bill, which is 60 days after enactment.