Bill Text: NY A07847 | 2021-2022 | General Assembly | Introduced

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Bill Title: Requires the amount paid to a pharmacy for certain high cost drugs be no more than 2.5% of the total cost of such drug plus any dispensing fees.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced - Dead) 2022-01-05 - referred to health [A07847 Detail]

Download: New_York-2021-A07847-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7847

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                      May 27, 2021
                                       ___________

        Introduced  by M. of A. REYES -- read once and referred to the Committee
          on Health

        AN ACT to amend the social services law, in relation to determining  the
          amount paid to a pharmacy for certain high cost drugs

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Paragraph (b) of subdivision 9  of  section  367-a  of  the
     2  social services law is amended by adding a new subparagraph (iv) to read
     3  as follows:
     4    (iv)  notwithstanding subparagraphs (i) and (ii) of this paragraph and
     5  paragraph (e) of this subdivision, if the drug dispensed is a high  cost
     6  drug and has a national average drug acquisition cost set by the federal
     7  center  for  medicare  and  medicaid  services  in excess of six hundred
     8  seventy dollars, the actual  amount  paid  to  the  pharmacy,  plus  the
     9  reasonable  administrative  costs  as  determined by the commissioner of
    10  health, shall be no more than two and one-half percent of the total cost
    11  of such drug, together with any dispensing fee  authorized  under  para-
    12  graph (d) of this subdivision.
    13    §  2.  This act shall take effect immediately; provided, however, that
    14  the amendments to subdivision 9 of section 367-a of the social  services
    15  law  made  by section one of this act shall not affect the expiration of
    16  such subdivision and shall be deemed to expire therewith.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11420-01-1