VA HB573 | 2018 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2018 - 25% progression, died in chamber
Action: 2018-02-01 - Passed by indefinitely in Commerce and Labor (19-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 8 2018 - 25% progression, died in chamber
Action: 2018-02-01 - Passed by indefinitely in Commerce and Labor (19-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]
Summary
Health insurance rate reviews; pharmacy benefit price spread. Requires the State Corporation Commission (Commission) to treat the price spread on any contract between the issuer of a health benefit plan and its pharmacy benefit manager as an administrative cost of the issuer. The issuer's administrative costs are required to be excluded from the amount of benefits provided under a health benefit plan when the Commission determines the health benefit plan's anticipated loss ratio. The measure codifies portions of the Commission's regulations promulgated to implement the requirement that it review and approve the premium rates for health benefit plans, including the requirement that the benefits provided by a health benefit plan are reasonable in relation to the premiums charged.
Title
Health insurance rate reviews; pharmacy benefit price spread.
Sponsors
Roll Calls
2018-02-01 - House - House: Passed by indefinitely in Commerce and Labor (19-Y 0-N) (Y: 19 N: 0 NV: 3 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2018-02-01 | House | Passed by indefinitely in Commerce and Labor (19-Y 0-N) |
2018-01-08 | House | Referred to Committee on Commerce and Labor |
2018-01-08 | House | Prefiled and ordered printed; offered 01/10/18 18100315D |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
38 | 2 | 316.2 | (n/a) | See Bill Text |
38 | 2 | 4214 | (n/a) | See Bill Text |
38 | 2 | 4319 | (n/a) | See Bill Text |