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Bill > SF0151

WY SF0151

Wyoming prescription drug transparency act.

summary

Introduced
01/24/2023
In Committee
02/22/2023
Crossed Over
02/08/2023
Passed
03/01/2023
Dead
Signed/Enacted/Adopted
03/17/2023

Introduced Session

2023 General Session

Bill Summary

AN ACT relating to the insurance code; prohibiting specified actions by pharmacy benefit managers; allowing individuals to choose in network retail pharmacies as specified; providing definitions; excluding certain claims as specified; amending a definition; requiring pharmacy benefit managers to provide contact information as specified; amending the process for when a maximum allowable cost appeal is denied; requiring pharmacy benefit managers to allow pharmacies to file appeals in electronic batch formats; requiring pharmacy benefit managers to reimburse pharmacies as specified; authorizing pharmacies to decline to provide pharmacy services as specified; making conforming amendments; requiring rulemaking; providing appropriations; and providing for effective dates.

AI Summary

This bill, the Wyoming Prescription Drug Transparency Act, aims to regulate pharmacy benefit managers (PBMs) and promote transparency in prescription drug pricing and reimbursement. Key provisions include: prohibiting PBMs from engaging in deceptive practices, restricting consumer choice of network pharmacies, or retaining funds paid by drug manufacturers; requiring PBMs to allow pharmacies to appeal reimbursement decisions and file appeals in batch format; allowing pharmacies to decline to provide services if the reimbursement is less than the pharmacy's acquisition cost; and appropriating funds to the Department of Insurance to implement and administer the new requirements. The bill also amends definitions related to PBMs, pharmacy services, and specialty medications.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (13)

Last Action

Assigned Chapter Number 189 (on 03/17/2023)

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bill summary

Document Type Source Location
State Bill Page https://www.wyoleg.gov/Legislation/2023/SF0151
Analysis - Summary as Passed https://www.wyoleg.gov/2023/Summaries/SF0151.pdf
BillText https://www.wyoleg.gov/2023/Enroll/SF0151.pdf
Representative Zwonitzer, Dn https://wyoleg.gov/2023/Amends/SF0151H3002.pdf
Representative Penn https://wyoleg.gov/2023/Amends/SF0151H3001.pdf
Representative Zwonitzer, Dn https://wyoleg.gov/2023/Amends/SF0151H2006.02.pdf
Representative Zwonitzer, Dn https://wyoleg.gov/2023/Amends/SF0151H2006.01.pdf
Representative Zwonitzer, Dn https://wyoleg.gov/2023/Amends/SF0151H2006.pdf
Representative Zwonitzer, Dn https://wyoleg.gov/2023/Amends/SF0151H2005.pdf
Representative Zwonitzer, Dn https://wyoleg.gov/2023/Amends/SF0151H2004.pdf
Representative Zwonitzer, Dn https://wyoleg.gov/2023/Amends/SF0151H2003.pdf
Representative Strock https://wyoleg.gov/2023/Amends/SF0151H2002.pdf
Representative Zwonitzer, Dn https://wyoleg.gov/2023/Amends/SF0151H2001.pdf
Representative Strock https://wyoleg.gov/2023/Amends/SF0151HW005.pdf
Representative Strock https://wyoleg.gov/2023/Amends/SF0151HW004.pdf
Representative Locke https://wyoleg.gov/2023/Amends/SF0151HW003.pdf
Representative Strock https://wyoleg.gov/2023/Amends/SF0151HW002.pdf
Representative Zwonitzer, Dn https://wyoleg.gov/2023/Amends/SF0151HW001.pdf
House Revenue Committee https://wyoleg.gov/2023/Amends/SF0151HS001.pdf
BillText https://www.wyoleg.gov/2023/Engross/SF0151.pdf
Senator Hutchings https://wyoleg.gov/2023/Amends/SF0151SW001.pdf
BillText https://www.wyoleg.gov/2023/Introduced/SF0151.pdf
Fiscal Note https://www.wyoleg.gov/2023/Fiscal/SF0151.pdf
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