Bill > H1224

This bill aims to promote healthcare access and affordability for patients by requiring health insurance carriers to make available at least 80% of the estimated rebates they receive from pharmaceutical manufacturers, dispensing pharmacies, and other parties. The bill defines "estimated rebate" and requires carriers to annually certify their compliance with this requirement to the Commissioner of the Division of Insurance. It also allows the Commissioner to impose fines on carriers that do not comply with the requirements. Additionally, the bill protects the confidentiality of the rebate information, treating it as a trade secret. The Commissioner is authorized to adopt policies, procedures, or regulations to implement this new section of the law.

Business and Industry, Health and Social Services

https://malegislature.gov/Bills/192/H1224