summary
Introduced
03/06/2023
03/06/2023
In Committee
04/25/2023
04/25/2023
Crossed Over
Passed
Dead
05/05/2023
05/05/2023
Introduced Session
2023 Regular Session
Bill Summary
Requires drug manufacturers to notify DBPR of reportable drug price increases; prohibits manufacturers from claiming public records exemption for trade secrets for information provided in forms or reports; requires DFS to designate employee as primary contact on issues relating to PBMs; provides penalty for persons who do not hold certificate of authority to act as administrator; requires PBMs to identify ownership affiliations to office; provides requirements for contracts between PBM & participating pharmacy; provides for biennial examinations of PBMs.
AI Summary
This bill, the Prescription Drug Reform Act, requires drug manufacturers to notify the Department of Business and Professional Regulation (DBPR) of reportable drug price increases, prohibits manufacturers from claiming public records exemption for trade secrets, and requires the Department of Financial Services (DFS) to designate an employee as the primary contact for consumers and pharmacies on issues relating to pharmacy benefit managers (PBMs). The bill also provides penalties for persons who do not hold a certificate of authority to act as an administrator, requires PBMs to identify ownership affiliations, provides requirements for contracts between PBMs and participating pharmacies, and requires biennial examinations of PBMs by the Office of Insurance Regulation.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (25)
Linda Chaney (R)*,
Shane Abbott (R),
Carolina Amesty (R),
Adam Anderson (R),
Jessica Baker (R),
Doug Bankson (R),
Webster Barnaby (R),
Robin Bartleman (D),
Melony Bell (R),
Mike Caruso (R),
Lindsay Cross (D),
Karen Gonzalez Pittman (R),
Peggy Gossett-Seidman (R),
Mike Gottlieb (D),
Berny Jacques (R),
Sam Killebrew (R),
Thomas Leek (R),
Vicki Lopez (R),
Ralph Massullo (R),
Lauren Melo (R),
Michelle Salzman (R),
Kevin Steele (R),
Kaylee Tuck (R),
Katherine Waldron (D),
Marie Woodson (D),
Other Sponsors (3)
Appropriations Committee (House), Health & Human Services Committee (House), Healthcare Regulation Subcommittee (House)
Last Action
Laid on Table; companion bill(s) passed, see CS/CS/SB 1550 (Ch. 2023-29), CS/SB 1552 (Ch. 2023-30) (on 05/01/2023)
Official Document
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