RDCSB283 2270 3066
The original instrument was prepared by Christine Arbo Peck. The following
digest, which does not constitute a part of the legislative instrument, was
prepared by J. W. Wiley.
DIGEST
SB 283 Reengrossed 2018 Regular Session Mills
Present law requires pharmacy benefit managers to be licensed by the Dept. of Insurance
(DOI).
Proposed law retains present law and further requires DOI to have a dedicated location on
the department's website to publish pharmacy benefit manager information, including the
formulary and timely notification of formulary changes by each licensed pharmacy benefit
manager.
Proposed law requires pharmacy benefit managers to issue an annual transparency report that
discloses aggregate data on rebates received from drug manufacturers, administrative fees,
and aggregate rebates received that did not pass through to the health benefit plan or insurer.
Proposed law further requires DOI to publish the transparency report within 10 days of
receipt from the pharmacy benefit manager.
Proposed law requires a pharmaceutical drug manufacturer to notify the commissioner of
insurance by electronic mail of any drug price increase of 50% or greater not more than 30
days after the price increase.
Proposed law provides for enforcement against the pharmacy benefit manager's license for
failure to comply with proposed law.
Proposed law provides for an exception to the Public Records Law.
Effective August 1, 2018.
(Amends R.S. 22:1657 and R.S. 44:4.1(B)(11); Adds R.S. 22:1657.1)
Summary of Amendments Adopted by Senate
Senate Floor Amendments to engrossed bill
1. Removes provision that states that proposed law applies to pharmacy benefit
managers participating in the Medicaid program.
2. Adds provision for notification when there is a drug price increase of 50% or
greater.
3. Makes technical changes.
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Insurance to the
reengrossed bill:
1. Change the time period for reporting price increases from not less than 30 days
prior to the increase to not more than 30 days after the increase.
2. Make technical changes.
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