Indiana House Bill 1273 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 11 2023 - 25% progression, died in committee
Action: 2023-01-19 - Representatives Vermilion A and Barrett added as coauthors
Pending: House Insurance Committee
Text: Latest bill text (Introduced) [PDF]

Prescription drug rebates and pricing. Provides that, for individual health insurance coverage, the defined cost sharing for a prescription drug be calculated at the point of sale and based on a price that is reduced by an amount equal to at least 85% of all rebates received by the insurer in connection with the dispensing or administration of the prescription drug. Requires that, for group health insurance coverage, an insurer: (1) pass through to a plan sponsor 100% of all rebates received or estimated to be received by the insurer concerning the dispensing or administration of prescription drugs to the covered individuals of the plan sponsor; (2) provide a plan sponsor, at the time of contracting, the option of calculating defined cost sharing for covered individuals of the plan sponsor at the point of sale based on a price that is reduced by some or all of the rebates received or estimated to be received by the insurer concerning the dispensing or administration of the prescription drug; and (3) disclose specified information to the plan sponsor. Allows the department of insurance to enforce the provisions and impose a civil penalty.

Prescription drug rebates and pricing.

Rep. Donna Schaibley [R]

Rep. Ann Vermilion [R]

Rep. Bradford Barrett [R]

Date	Chamber	Action
2023-01-19	House	Representatives Vermilion A and Barrett added as coauthors
2023-01-11	House	First reading: referred to Committee on Insurance
2023-01-11	House	Authored by Representative Schaibley

Type	Source
Summary	https://iga.in.gov/legislative/2023/bills/house/1273/details
Text	https://iga.in.gov/legislative/2023/bills/house/1273/#1.INTR