Bill > H999

This bill aims to empower health care consumers by further regulating policies, contracts, agreements, plans or certificates of insurance issued, delivered, or renewed within the Commonwealth of Massachusetts. The key provisions require insurance plans to provide clear and detailed information about their prescription drug formularies, including prior authorization requirements, tier-based cost-sharing, and the cost ranges for drugs covered under the medical benefit. The plans must also post their formularies on their websites in a searchable format and update them within 72 hours of any changes. The Division of Insurance is tasked with developing a standard formulary template to ensure consistent disclosure of this information to consumers.

Business and Industry, Health and Social Services

https://malegislature.gov/Bills/193/H999