SB 1444 (2020) -  Prescription Drug Benefits

by Harrell (CO-SPONSORS) Mayfield
Citing this act as the “Prescription Drug Cost Reduction Act”; providing that pharmacy benefit managers have a fiduciary duty and obligation to specified individuals and entities; requiring group health plans, health insurers, and certain pharmacy benefit managers to base plan beneficiaries’ and insureds’ coinsurance obligations for certain prescription drugs on specified drug prices; providing circumstances under which contracts between health insurers or health maintenance organizations and pharmacy benefit managers are void and against the public policy, etc.
Effective Date: 01/01/2021
Last Event: 03/14/20 S Died in Banking and Insurance on Saturday, March 14, 2020 12:00 AM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
  • Appropriations Subcommittee on Health and Human Services
  • Appropriations

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Banking and Insurance Time: 03/14/2020 - 12:00 AM Member: Committee: Banking and Insurance Version: __
Event: S Indefinitely postponed and withdrawn from consideration Time: 03/14/2020 - 12:00 AM Member: Committee: Version: __
Event: S Introduced -SJ 106 Time: 01/14/2020 - 11:02 AM Member: Committee: Version: __
Event: S Referred to Banking and Insurance; Appropriations Subcommittee on Health and Human Services; Appropriations -SJ 107 Time: 01/13/2020 - 1:10 PM Member: Committee: Banking and Insurance Version: __
Event: S Filed Time: 01/06/2020 - 3:05 PM Member: Committee: Version: __