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Bill > A5935
NJ A5935
NJ A5935Removes exception of self-insured health benefits plans from law concerning pharmacy benefits managers.
summary
Introduced
06/24/2021
06/24/2021
In Committee
06/24/2021
06/24/2021
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill removes the exemption that exists under current law of self-insured health benefits plans, governed by the federal Employee Retirement Income Security Act of 1974, from certain laws concerning pharmacy benefits managers. This bill also requires DOBI to report on the implications of a recent US Supreme Court opinion, Rutledge v. Pharmaceutical Care Management Association, ___ U.S. ___ (2020) (slip opinion at 1), on State law governing pharmacy benefits managers.
AI Summary
This bill removes the exemption that currently exists for self-insured health benefits plans, governed by the federal Employee Retirement Income Security Act (ERISA), from certain laws concerning pharmacy benefits managers (PBMs). The bill also requires the Department of Banking and Insurance (DOBI) to report on the implications of a recent U.S. Supreme Court decision, Rutledge v. Pharmaceutical Care Management Association, on state law governing PBMs. The bill will take effect on the first day of the fourth month following enactment and will apply to health benefits plans initiated or renewed on or after that date.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Financial Institutions and Insurance Committee (on 06/24/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/A9999/5935_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A9999/5935_I1.PDF |
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