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SB24-077

Prescription Drug Manufacturer Requirements

Concerning prescription drug manufacturer requirements under the jurisdiction of the commissioner of insurance.
Session:
2024 Regular Session
Subject:
Health Care & Health Insurance
Bill Summary

The bill requires each manufacturer of a prescription drug that is available for purchase in this state (manufacturer) to register with and pay a fee to the division of insurance.

The bill requires a manufacturer to offer a copayment assistance program to a covered person, either for the entire plan year or for the calendar year, whichever the deductible and out-of-pocket calculation applies to, for as long as the covered person is enrolled in the health benefit plan.

A manufacturer that violates the requirements commits an unfair method of competition and an unfair or deceptive act or practice in the business of insurance.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. S. Jaquez Lewis, Sen. D. Michaelson Jenet
Rep. K. McCormick

Sponsor

Co-sponsor