BILL · 2023–24 SESSION

SB 5445: Prescription cost-sharing

Concerning cost-sharing fairness.

Summary

  • Requires health carriers to calculate an enrollee's coinsurance or deductible obligation for a prescription drug based on the price of the drug minus all rebates received for that drug.
  • Requires that a pharmacy benefit manager may only derive income for pharmacy benefit management services provided to a health carrier through a fixed management fee.

From the Senate Bill Report (Orig.) (SB 5445), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 18, 2023
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Senator (R-18)
Introduced
January 18, 2023 in the Senate
Last action
January 8, 2024
Companion bill
HB 1465
Budget
Has a fiscal note

AN ACT Relating to cost-sharing fairness;

Sponsors

Prime sponsor: Senator (R-18)

5 co-sponsors (5 Democrats, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Health & Long Term Care.

SB 5445 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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