Assembly Actions -
Senate Actions - UPPERCASE
|Jan 05, 2022||
referred to insurance
|Jan 27, 2021||
referred to insurance
Senate Bill S3014
2021-2022 Legislative Session
Archive: Last Bill Status - In Senate Committee Insurance Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2021-S3014 (ACTIVE) - Details
2021-S3014 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3014 SPONSOR: SEPULVEDA TITLE OF BILL: An act to amend the insurance law, in relation to implementing the phar- macy benefit manager transparency act PURPOSE OF THE BILL: This legislation will allow patients and employers to compare the abili- ty of pharmacy benefit managers to negotiate rebates, discounts, and price concessions, and the amount of such rebates, discounts, and price concessions in reducing costs for consumers, patients, and their benefi- ciaries. SUMMARY OF SPECIFIC PROVISIONS: Section 1. The insurance law is amended by adding a new article 6. Section 601 entitles the article the "pharmacy benefit manager transpar-
2021-S3014 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3014 2021-2022 Regular Sessions I N S E N A T E January 27, 2021 ___________ Introduced by Sens. SEPULVEDA, BIAGGI, KENNEDY -- read twice and ordered printed, and when printed to be committed to the Committee on Insur- ance AN ACT to amend the insurance law, in relation to implementing the phar- macy benefit manager transparency act THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The insurance law is amended by adding a new article 6 to read as follows: ARTICLE 6 PHARMACY BENEFIT MANAGER TRANSPARENCY ACT SECTION 601. SHORT TITLE. 602. DEFINITIONS. 603. RESPONSIBILITY TO COVERED ENTITIES. 604. PHARMACY BENEFIT MANAGER TRANSPARENCY. 605. REPORT PUBLICATION. 606. COMPLIANCE AND ENFORCEMENT. 607. RULEMAKING AUTHORITY. § 601. SHORT TITLE. THIS ARTICLE SHALL BE KNOWN AND MAY BE CITED AS THE "PHARMACY BENEFIT MANAGER TRANSPARENCY ACT". § 602. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE, THE FOLLOWING DEFINITIONS SHALL APPLY: (1) "COVERED ENTITY" MEANS A NONPROFIT HOSPITAL OR MEDICAL SERVICE ORGANIZATION, INSURER, HEALTH COVERAGE PLAN, OR HEALTH MAINTENANCE ORGANIZATION LICENSED IN THE STATE; A HEALTH PROGRAM ADMINISTERED BY THE SUPERINTENDENT OR THE STATE IN THE CAPACITY OF PROVIDER OF HEALTH COVER- AGE; OR AN EMPLOYER, LABOR UNION, OR OTHER GROUP OF PERSONS ORGANIZED IN THE STATE THAT PROVIDES HEALTH COVERAGE TO COVERED INDIVIDUALS WHO ARE EMPLOYED OR RESIDE IN THE STATE. (2) "COVERED INDIVIDUAL" MEANS A MEMBER, PARTICIPANT, ENROLLEE, CONTRACT HOLDER, OR POLICY HOLDER OR BENEFICIARY OF A COVERED ENTITY WHO EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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