| SB 0633 | Prohibits health carriers from changing conditions of their drug formulary during contract period |
| Sponsor: | Schneider | Co-Sponsor(s) | ||
| LR Number: | 2588S.01I | Fiscal Note: | 2588-01 | |
| Committee: | Insurance and Housing | |||
| Last Action: | 02/27/02 - Motion to Report Bill Do Pass FAILED S Insurance & | Journal page: | ||
| Housing Committee | ||||
| Title: | ||||
| Effective Date: | August 28, 2002 | |||
SB 633 - This act prohibits health carriers from changing their drug formularies except at the beginning of the policy anniversary date or pursuant to a FDA recommendation. The health carrier may add new prescription drugs to its formulary. The health carrier may not increase an enrollee's co-payment or other out of pocket expenses except at the beginning of the policy annual anniversary date.
This act is identical to SB 194 (2001).
STEPHEN WITTE