KY HB532 | 2021 | Regular Session

Status

Spectrum: Partisan Bill (Republican 28-0)
Status: Introduced on February 22 2021 - 25% progression, died in committee
Action: 2021-03-11 - recommitted to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Create a new section of Subtitle 12 of KRS Chapter 304 to prohibit certain practices of pharmacy benefit managers; allow audits of contracts entered with pharmacy benefit managers; require certain disclosures relating to contracts with pharmacy benefit managers; require pharmacy benefit managers to file an annual report with the commissioner of insurance; provide that confidential or proprietary information disclosed to the Department of Insurance shall not be subject to disclosure under the Open Records Act; prohibit pharmacy benefit managers from sharing certain pharmacy records with pharmacy affiliates; authorize the commissioner of insurance to promulgate regulations relating to pharmacy benefit managers; amend KRS 304.17A-708, 304.17A-712, and 304.17A-714 to conform; provide for severability; require the commissioner of insurance to promulgate regulations to implement the Act on or before January 1, 2022; EFFECTIVE, in part, January 1, 2022.

Tracking Information

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Title

AN ACT relating to pharmacy benefit managers.

Sponsors


History

DateChamberAction
2021-03-11Houserecommitted to Appropriations & Revenue (H)
2021-02-26House2nd reading, to Rules
2021-02-25Housereported favorably, 1st reading, to Calendar with Committee Substitute
2021-02-23Houseposted in committee
2021-02-23Houseto Health & Family Services (H)
2021-02-22Houseto Committee on Committees (H)
2021-02-22Houseintroduced in House

Subjects


Kentucky State Sources


Bill Comments

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