OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
SB-355
AN ACT ESTABLISHING THE 340B DRUG PRICING
NONDISCRIMINATION ACT.
AMENDMENT
LCO No.: 6509
File Copy No.: 354
Senate Calendar No.: 252
Primary Analyst: MR 5/4/22
Contributing Analyst(s): ()
Reviewer: JS
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 23 $ FY 24 $
Attorney General GF - Revenue
Gain
Potential Potential
UConn Health Ctr. Various - Savings Significant Significant
Note: Various=Various; GF=General Fund
Municipal Impact: None
Explanation
The amendment results in an annual significant savings to the
University of Connecticut Health Center beginning in FY 23. The health
center has multiple 340B covered entities, including John Dempsey
Hospital, and has not been fully benefiting from the provisions of the
340B program due to manufacturer and pharmacy benefits manager
(PBM) practices. The health center estimates that the foregone savings
due to these practices has reached approximately $7 million to $9
million annually. It is anticipated that the bill will reduce or eliminate
the practices it prohibits, and consequently result in greater 340B
savings to UConn Health Center.
The amendment also specifies that the Office of the Attorney General
(OAG) has exclusive authority to enforce violations these provisions. 2022SB-00355-R00LCO06509-FNA.DOCX Page 2 of 2
This may result in a revenue gain to the state, to the extent OAG levies
fines and penalties under the unfair trade practice provision.
The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely
for the purposes of information, summarization and explanation and does not represent the intent of the General
Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of
informational sources, including the analyst’s professional knowledge. Whenever applicable, agency data is
consulted as part of the analysis, however final products do not necessarily reflect an assessment from any
specific department.