Bill

Bill > S0106


RI S0106

RI S0106
Control Of High Prescription Costs -- Regulation Of Pharmacy Benefit Managers


summary

Introduced
02/01/2023
In Committee
02/01/2023
Crossed Over
Passed
Dead
06/16/2023

Introduced Session

2023 Regular Session

Bill Summary

This act would regulate pharmacy benefit managers' (PBMs) policies and practices through rules and regulations promulgated by the executive office of health and human services (EOHHS), the department of business regulation (DBR), and the office of health insurance commissioner (OHIC), relating to accurate costs and pricing reporting, restricting discriminatory practices and establishing consumer protections with enforcement for violations by the office of the attorney general. This act would take effect upon passage.

AI Summary

This bill aims to regulate pharmacy benefit managers (PBMs) in Rhode Island to address high prescription drug costs and protect consumers. The key provisions include: requiring PBMs to provide detailed cost and pricing information to allow for state oversight and analysis; restricting practices like "spread pricing" and requiring pass-through of manufacturer rebates; prohibiting PBMs from engaging in practices that steer consumers to affiliated pharmacies or discriminate against 340B entities; and restricting utilization management tactics like prior authorization and step therapy. The bill also directs state agencies to promulgate rules and regulations to ensure PBM compliance, and empowers the Attorney General to investigate and enforce violations.

Committee Categories

Health and Social Services

Sponsors (10)

Last Action

Committee recommended measure be held for further study (on 04/04/2023)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...