VA SB252 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 2 2020 - 25% progression, died in chamber
Action: 2020-01-27 - Incorporated by Commerce and Labor
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 2 2020 - 25% progression, died in chamber
Action: 2020-01-27 - Incorporated by Commerce and Labor
Text: Latest bill text (Prefiled) [HTML]
Summary
Pharmacy benefit managers; licensure and regulation. Provides that, beginning January 1, 2021, no person is authorized to provide pharmacy benefit management services or otherwise act as a pharmacy benefit manager without first obtaining a license from the State Corporation Commission. Such licenses are to be renewed annually. The bill prohibits a pharmacy benefit manager from participating in spread pricing, defined in the bill, and provides that except for any agreed-upon administrative fee, all funds, including any rebates received by the pharmacy benefit manager in relation to providing pharmacy benefit management services for a carrier, will be distributed to the carrier.
Title
Pharmacy benefit managers; licensure and regulation.
Sponsors
Roll Calls
2020-01-27 - Senate - Senate: Incorporated by Commerce and Labor (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2020-01-27 | Senate | Incorporated by Commerce and Labor |
2020-01-15 | Senate | Assigned C&L sub: Health Insurance |
2020-01-02 | Senate | Referred to Committee on Commerce and Labor |
2020-01-02 | Senate | Prefiled and ordered printed; offered 01/08/20 20101087D |
Same As/Similar To
SB251 (Similar To) 2020-05-21 - Governor: Acts of Assembly Chapter text (CHAP1288)