Bill > S605

This bill aims to empower health care consumers by requiring insurance plans in Massachusetts to provide more transparent and detailed information about their prescription drug formularies. The key provisions include: requiring plans to post their formularies online in a searchable format, update them within 72 hours of any changes, use a standardized template developed by the Division of Insurance, and disclose details like prior authorization requirements, tier-based copayments, and the specific dollar amounts or ranges of cost-sharing for each covered drug. The goal is to give consumers and providers better access to information to make informed decisions about prescription drug coverage.

Business and Industry, Health and Social Services

https://malegislature.gov/Bills/193/S605