Bill
Bill > A2777
NJ A2777
NJ A2777Removes exception of self-insured health benefits plans from law concerning pharmacy benefits managers.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill removes the exemption that exists under current law of self-insured health benefits plans, governed by the federal Employee Retirement Income Security Act of 1974, from certain laws concerning pharmacy benefits managers. This bill also requires DOBI to report on the implications of a recent US Supreme Court opinion, Rutledge v. Pharmaceutical Care Management Association, ___ U.S. ___ (2020) (slip opinion at 1), on State law governing pharmacy benefits managers.
AI Summary
This bill removes the exemption that currently exists under New Jersey law for self-insured health benefits plans, governed by the federal Employee Retirement Income Security Act (ERISA), from certain laws concerning pharmacy benefits managers. The bill also requires the Department of Banking and Insurance to report on the implications of the recent U.S. Supreme Court decision in Rutledge v. Pharmaceutical Care Management Association on New Jersey's laws governing pharmacy benefits managers.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Financial Institutions and Insurance Committee (on 01/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A2777 |
| BillText | https://pub.njleg.gov/Bills/2024/A3000/2777_I1.HTM |
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