Bill
Bill > S2385
RI S2385
Regulates pharmacy benefit managers' policies and practices through rules and regulations promulgated by the office of health insurance commissioner, relating to accurate costs and pricing reporting, restricting discriminatory practices.
summary
Introduced
02/12/2024
02/12/2024
In Committee
02/12/2024
02/12/2024
Crossed Over
Passed
Dead
06/30/2024
06/30/2024
Introduced Session
2024 Regular Session
Bill Summary
This act would protect patients, healthcare providers, and taxpayers from high prescription drug costs by requiring greater pharmacy benefit manager transparency and accountability. It gives the office of health insurance commissioner (OHIC) authority to promulgate regulations and oversee implementation. This act would take effect upon passage.
AI Summary
This bill aims to protect patients, healthcare providers, and taxpayers from high prescription drug costs by requiring greater pharmacy benefit manager (PBM) transparency and accountability. It gives the Office of Health Insurance Commissioner (OHIC) the authority to promulgate regulations and oversee implementation. Key provisions include: prohibiting PBMs from engaging in "spread pricing" and discriminatory practices, requiring 100% pass-through of manufacturer-derived revenues or discounts, and restricting utilization management policies that delay or discourage medically necessary care. The bill also mandates that PBMs provide detailed financial information to OHIC for enforcement purposes. The act would take effect upon passage.
Committee Categories
Health and Social Services
Sponsors (10)
Linda Ujifusa (D)*,
Alana DiMario (D),
Lou DiPalma (D),
Pam Lauria (D),
Val Lawson (D),
Tiara Mack (D),
Joshua Miller (D),
Melissa Murray (D),
Sue Sosnowski (D),
Bridget Valverde (D),
Last Action
Committee recommended measure be held for further study (on 03/05/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://status.rilegislature.gov/ |
BillText | https://webserver.rilegislature.gov/BillText24/SenateText24/S2385.pdf |
Loading...