Virginia House Bill 573 (Prior Session Legislation)

---

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]

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.

Health insurance rate reviews; pharmacy benefit price spread.

Del. Keith Hodges [R]

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]

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

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

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+HB573
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+HB573+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?181+vot+H14V0040+HB0573