summary
Introduced
03/03/2023
03/03/2023
In Committee
04/28/2023
04/28/2023
Crossed Over
04/19/2023
04/19/2023
Passed
05/02/2023
05/02/2023
Dead
Signed/Enacted/Adopted
05/04/2023
05/04/2023
Introduced Session
2023 Regular Session
Bill Summary
Providing an exemption from public records requirements for examination and investigation reports and work papers relating to pharmacy benefit managers; expanding a public records exemption for the books and records of administrators held by the Office of Insurance Regulation for purposes of examination, audit, and inspection to incorporate the inclusion of pharmacy benefit managers as administrators under the Florida Insurance Code; providing for future legislative review and repeal of the exemption; providing statements of public necessity, etc.
AI Summary
This bill expands an existing public records exemption to include examination and investigation reports, as well as work papers, related to pharmacy benefit managers (PBMs), who are now considered "administrators" under the Florida Insurance Code. It also makes confidential and exempt from public records the trade secret information contained in the books and records of PBMs held by the Office of Insurance Regulation. The purpose of these exemptions is to protect the confidential information, business interests, and professional reputation of PBMs, and to allow the Department of Financial Services and the Office of Insurance Regulation to effectively regulate this new class of administrators without jeopardizing ongoing investigations or revealing confidential information received from other governmental entities.
Committee Categories
Budget and Finance
Sponsors (1)
Other Sponsors (1)
Health Policy (Senate)
Last Action
Chapter No. 2023-30, companion bill(s) passed, see CS/CS/SB 1550 (Ch. 2023-29) (on 05/04/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
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