LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 24, 2009 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB4402 by Martinez Fischer (Relating to a study regarding insurance coverage of prescription drugs provided under a health benefit plan.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code to require the Texas Department of Insurance (TDI) to conduct a study to evaluate the ways in which pharmacy benefit managers use prescription drug information. The bill would require TDI to create a report with the findings of the study to be submitted no later than August 1, 2010. The agency indicates there would be some cost to implement the provisions of the bill, but these costs are expected to be absorbed within the agency's existing budget. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: JOB, KJG, MW, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 24, 2009
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB4402 by Martinez Fischer (Relating to a study regarding insurance coverage of prescription drugs provided under a health benefit plan.), Committee Report 1st House, Substituted
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB4402 by Martinez Fischer (Relating to a study regarding insurance coverage of prescription drugs provided under a health benefit plan.), Committee Report 1st House, Substituted
Honorable John T. Smithee, Chair, House Committee on Insurance
Honorable John T. Smithee, Chair, House Committee on Insurance
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB4402 by Martinez Fischer (Relating to a study regarding insurance coverage of prescription drugs provided under a health benefit plan.), Committee Report 1st House, Substituted
HB4402 by Martinez Fischer (Relating to a study regarding insurance coverage of prescription drugs provided under a health benefit plan.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code to require the Texas Department of Insurance (TDI) to conduct a study to evaluate the ways in which pharmacy benefit managers use prescription drug information. The bill would require TDI to create a report with the findings of the study to be submitted no later than August 1, 2010. The agency indicates there would be some cost to implement the provisions of the bill, but these costs are expected to be absorbed within the agency's existing budget.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 454 Department of Insurance
454 Department of Insurance
LBB Staff: JOB, KJG, MW, CH
JOB, KJG, MW, CH