Kentucky House Bill 502 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 20 2019 - 25% progression, died in committee
Action: 2019-02-21 - to Banking & Insurance (H)
Pending: House Banking and Insurance Committee
Text: Latest bill text (Introduced) [PDF]

Create new sections of KRS Chapter 217 to define terms; require the Cabinet for Health and Family Services to annually compile a list of certain prescription drugs deemed to be essential to treating diabetes and a list of such drugs that have been subject to a price increase greater than a certain percentage; require drug manufacturers to annually report to the cabinet certain information related to the cost of manufacturing and marketing such drugs and factors that contributed to a price increase; require pharmacy benefit managers to annually report to the cabinet certain information related to prescription drug rebates for such drugs; exempt such information and data reported by manufacturers and pharmacy benefit managers to the cabinet from disclosure pursuant to KRS 61.870 to 61.884; require the cabinet to annually submit to the Legislative Research Commission a report that summarizes the information reported to the cabinet by manufacturers and pharmacy benefit managers; require the cabinet to promulgate administrative regulations necessary to carry out the new sections; amend KRS 217.990 to establish a penalty for failure to report; amend KRS 304.17A-164 to restrict cost-sharing amounts charged by insurers and pharmacy benefit managers; prohibit insurers and pharmacy benefit managers from restricting a pharmacist's ability to inform patients about and to sell less expensive alternative drugs; and amend KRS 304.17A-505 and 304.17C-030 to require disclosure of information related to drug formularies.

AN ACT relating to prescription drugs.

Rep. Danny Bentley [R]

Date	Chamber	Action
2019-02-21	House	to Banking & Insurance (H)
2019-02-20	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/19RS/hb502.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/19RS/hb502/orig_bill.pdf