Texas Senate Bill SB895

Texas 2017 - 85th Regular

Caption

Relating to the transparency of certain information related to prescription drug coverage provided by certain health benefit plans.

Impact

If passed, SB895 would amend Chapter 1369 of the Insurance Code, establishing new requirements for health benefit plans regarding how they disclose formulary information. Specifically, it requires that such information be publicly displayed on the internet without requiring personal details for access. These changes are intended to empower consumers by making it easier to compare different health insurance options based on the coverage of prescription medications.

Summary

SB895 aims to enhance the transparency of prescription drug coverage provided by individual health benefit plans. It mandates health benefit plan issuers to publicly disclose formulary information, specifically detailing the types of prescription drugs covered under their plans. The goal of the bill is to facilitate informed decision-making among consumers by providing clearer and more accessible information regarding the coverage of prescription drugs, thus promoting transparency within the healthcare sector.

Contention

One of the notable points of contention surrounding SB895 involves the balance between protecting consumer interests and the administrative burden placed on health benefit plan issuers. Supporters argue that increased transparency is essential for consumer rights, enabling individuals to make better healthcare decisions based on their medication needs. Conversely, some opponents may express concerns about the costs involved in implementing such comprehensive disclosure systems, suggesting potential impacts on health insurance premiums or coverage efficiency.