Bill Text: NY S06763 | 2021-2022 | General Assembly | Introduced


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 3-0)

Status: (Introduced - Dead) 2022-01-05 - REFERRED TO HEALTH [S06763 Detail]

Download: New_York-2021-S06763-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                          6763

                               2021-2022 Regular Sessions

                    IN SENATE

                                      May 14, 2021
                                       ___________

        Introduced  by  Sen.  SAVINO -- read twice and ordered printed, and when
          printed to be committed 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
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