Bill
Bill > A07304
NY A07304
NY A07304Establishes the prescription drug supply chain transparency act of 2023; requires pharmacy services administrative organizations, pharmacy switch companies and rebate aggregators to register with the insurance department and to provide certain disclosures relating to the ownership and activities of such entities; relates to deposits into the pharmacy benefit manager regulatory fund.
summary
Introduced
05/17/2023
05/17/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the insurance law, in relation to prescription drug supply chain transparency; and to amend the state finance law, in relation to deposits into the pharmacy benefit manager regulatory fund
AI Summary
This bill establishes the Prescription Drug Supply Chain Transparency Act of 2023, which requires pharmacy services administrative organizations (PSAOs), pharmacy switch companies, and rebate aggregators to register with the insurance department and provide certain disclosures related to their ownership and activities. The bill also amends the state finance law to deposit penalties and fees collected under this new article into the Pharmacy Benefit Manager Regulatory Fund.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (3)
Last Action
referred to codes (on 01/03/2024)
Official Document
bill text
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