SB 0938 | Insurance Coverage For Certains Drugs |
Sponsor: | GRAVES | ||
LR Number: | S3526.01I | Fiscal Note: | 3526-01 |
Committee: | Public Health and Welfare | ||
Last Action: | 03/25/96 - Hearing Conducted S Public Health & Welfare Committee | ||
Title: | |||
Effective Date: | August 28, 1996 | ||
SB 938 - This act would require insurance companies to provide coverage for any drugs prescribed to treat a covered illness if: (1) the drug has been approved by the FDA for at least one illness; or (2) if the drug is recognized for treatment of the covered illness in one of the standard reference compendia or in substantially accepted peer-reviewed medical literature.
Insurers are not required to cover any drugs that: (1) the
FDA has not approved for any use; (2) a drug that the FDA has
advised should not be used for the specific illness; (3) drugs
used in research trials sponsored by their manufacturers or a
government entity; or (4) drugs used in research trials, if the
sponsor of the research trial furnishes the drugs or services
without charge to any participant in the research trial.
CHERYL GRAZIER