SB674 - Requires insured to only pay usual and customary retail price of a prescription drug where the retail price is less than the applicable copayment

SB 674

Requires insured to only pay usual and customary retail price of a prescription drug where the retail price is less than the applicable copayment

Sponsor:	Schaaf
LR Number:	5368S.01I	Fiscal Note not available
Committee:	Health, Mental Health, Seniors and Families
Last Action:	2/2/2012 - Second Read and Referred S Health, Mental Health, Seniors and Families Committee	Journal Page:	S194
Title:		Calendar Position:
Effective Date:	August 28, 2012

List of 2012 Senate Bills

Current Bill Summary

SB 674 - Under this act, if the co-payment applied by a HMO or health insurer exceeds the usual and customary retail price of a prescription drug, the enrollee shall only be required to pay the usual and customary retail price of the prescription drug and there will be no further charge to the enrollee or plan sponsor for the prescription (Sections 354.535 and 376.387).

These provisions were contained in SB 122 (2011) and HB 1495 (2010).

STEPHEN WITTE