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2014 Regular Session



Pharmacy Benefits Managers - Pharmacy Contracts - Maximum Allowable Cost Pricing

Sponsored by:

Delegate Kach


Vetoed by the Governor (Duplicative)

Synopsis:Requiring a pharmacy benefits manager to include, in each contract with a contracted pharmacy, the sources used to determine maximum allowable cost pricing; requiring the pharmacy benefits manager to update its pricing information with a specified frequency and provide a means by which contracted pharmacies may review pricing updates in a specified format; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Kach, Bromwell, Elliott, Olszewski, Costa, Cullison, Donoghue, Hammen, Hubbard, A. Kelly, Kipke, Krebs, McDonough, Morhaim, Murphy, Nathan-Pulliam, Oaks, Pena-Melnyk, Pendergrass, Ready, Reznik, Tarrant, and V. Turner
Additional Facts:Cross-filed with: SB0952
Bill File Type: Regular
Effective Date(s): January 1, 2015
Health and Government Operations   View Committee HearingFinance   View Committee Hearing
Broad Subject(s):Insurance - Health
Narrow Subject(s):Appeals -see also- Judicial Review
Contracts -see also- Land Installment Contracts; Procurement
Drugs -see also- Controlled Dangerous Sub; Substance Abuse
Equipment -see also- Motor Vehicle Equipment
Health Insurance -see also- HMOS; Managed Care Organizations
Pharmacy Benefits Managers
Pharmacists and Pharmacies
Prices -see also- Consumer Price Index
Reimbursement Rates

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October 24, 2017 1:51 P.M.