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Bill > HB830


VA HB830

VA HB830
Pharmacy benefits managers; requirements, application of law, report, delayed effective date.


summary

Introduced
01/13/2026
In Committee
03/06/2026
Crossed Over
03/11/2026
Passed
04/13/2026
Dead
Signed/Enacted/Adopted
04/13/2026

Introduced Session

2026 Regular Regular Session

Bill Summary

Pharmacy benefits managers; requirements; scope; report. Requires all health insurance carriers to use the pass-through pricing model and may limit a pharmacy benefits manager from deriving income from pharmacy benefits management services provided to a carrier except for income derived from a pharmacy benefits management fee. The bill prohibits a pharmacy benefits manager from (i) reversing and or resubmitting the claim of a pharmacist or pharmacy without meeting certain requirements, (ii) reducing any payment to a pharmacist or pharmacy to an effective rate of reimbursement, or (iii) retroactively denying or reducing a claim or aggregate of claims except under certain circumstances. The bill requires the State Corporation Commission (the Commission) to examine the practice of carriers or pharmacy benefits managers requiring or inducing covered individuals to utilize pharmacy services at an affiliated pharmacy. The Commission is required to report its findings and recommendations to the General Assembly by December 1, 2027. Certain provisions of the bill have a delayed effective date of July 1, 2027. This bill is identical to SB 669.

AI Summary

This bill mandates that all health insurance carriers must adopt a "pass-through pricing model," meaning they must pass on drug manufacturer rebates directly to consumers at the point of sale or use them to lower premiums and cost-sharing, and limits how Pharmacy Benefit Managers (PBMs), companies that manage prescription drug benefits on behalf of health insurers, can earn income to only pharmacy benefit management fees. It also prohibits PBMs from reversing or resubmitting a pharmacist's claim without proper notification and cause, reducing payments to an unfairly low rate, or retroactively denying claims except in specific cases like fraud. Furthermore, the bill requires the State Corporation Commission to investigate whether carriers or PBMs are steering patients to affiliated pharmacies and report its findings by December 1, 2027, with some provisions of the bill taking effect on July 1, 2027.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (31)

Last Action

Acts of Assembly Chapter text (CHAP0678) (on 04/13/2026)

Bill Topics

Health
  • ‐ Health Insurance Reform
  • ‐ Regulation of Drug Industry and Pharmacies

bill text


bill summary

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bill summary

Document Type Source Location Created
State Bill Page https://lis.virginia.gov/bill-details/20261/HB830 01/13/2026
BillText https://lis.virginia.gov/bill-details/20261/HB830/text/CHAP0678 04/21/2026
BillText https://lis.virginia.gov/bill-details/20261/HB830/text/HB830ER 03/30/2026
Fiscal Note/Analysis - Fiscal Impact Statement from State Corporation Commission (HB830) https://lis.blob.core.windows.net/files/1208306.PDF 03/12/2026
BillText https://lis.virginia.gov/bill-details/20261/HB830/text/HB830S1 03/03/2026
BillText https://lis.virginia.gov/bill-details/20261/HB830/text/HB830H2 02/13/2026
BillText https://lis.virginia.gov/bill-details/20261/HB830/text/HB830HC4 02/13/2026
BillText https://lis.virginia.gov/bill-details/20261/HB830/text/HB830HC3 02/13/2026
Fiscal Note/Analysis - Fiscal Impact Statement from State Corporation Commission (HB830) https://lis.blob.core.windows.net/files/1136484.PDF 02/10/2026
BillText https://lis.virginia.gov/bill-details/20261/HB830/text/HB830H1 02/05/2026
BillText https://lis.virginia.gov/bill-details/20261/HB830/text/HB830HC2 02/04/2026
Fiscal Note/Analysis - Fiscal Impact Statement from State Corporation Commission (HB830) https://lis.blob.core.windows.net/files/1115646.PDF 02/03/2026
BillText https://lis.virginia.gov/bill-details/20261/HB830/text/HB830HC1 02/03/2026
BillText https://lis.virginia.gov/bill-details/20261/HB830/text/HB830 01/13/2026
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