summary
Introduced
01/11/2022
01/11/2022
In Committee
01/11/2022
01/11/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Requires carriers to pass prescription drug savings to consumers.
AI Summary
This bill requires carriers (insurance companies, health service corporations, etc.) to pass on any compensation they receive from pharmaceutical manufacturers, such as rebates or discounts, to consumers in the form of lower premiums for their health benefits plans. Carriers must annually file a report with the commissioner demonstrating their compliance with this requirement. The bill aims to ensure that any savings generated from negotiations between carriers and pharmaceutical manufacturers are directly passed on to consumers rather than retained by the carriers.
Committee Categories
Business and Industry
Sponsors (11)
Roy Freiman (D)*,
John McKeon (D)*,
Raj Mukherji (D)*,
Daniel Benson (D),
Shama Haider (D),
Robert Karabinchak (D),
Ellen Park (D),
Lisa Swain (D),
Britnee Timberlake (D),
Chris Tully (D),
Anthony Verrelli (D),
Last Action
Introduced, Referred to Assembly Financial Institutions and Insurance Committee (on 01/11/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A1745 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A2000/1745_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A2000/1745_I1.PDF |
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