Bill Text: NY A07504 | 2017-2018 | General Assembly | Introduced

---

Bill Title: Relates to copayments for prescription drugs; provides that no corporation or insurer shall require, or enter into a contract which permits, a copayment which exceeds the total price paid to the pharmacy for such prescribed drug after the insured has met the annual deductible requirement.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-01-03 - referred to insurance [A07504 Detail]

Download: New_York-2017-A07504-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________
                                          7504
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                     April 28, 2017
                                       ___________
        Introduced  by  M.  of  A.  ROSENTHAL  --  read once and referred to the
          Committee on Insurance
        AN ACT to amend the insurance law and the education law, in relation  to
          copayments for prescription drugs
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subsection (h) of section 4325 of  the  insurance  law,  as
     2  added by chapter 487 of the laws of 2010, is amended to read as follows:
     3    (h) No corporation or insurer organized or licensed under this chapter
     4  which  provides  coverage for prescription drugs shall require, or enter
     5  into a contract which permits, a copayment which exceeds the  usual  and
     6  customary  cost of such prescribed drug or which exceeds the total price
     7  paid to the pharmacy for such prescribed drug after the insured has  met
     8  the annual deductible requirement.
     9    §  2.  Section  6826-a of the education law is amended by adding a new
    10  subdivision 3 to read as follows:
    11    3. The copayment amount shall not exceed the total price paid  to  the
    12  pharmacy  for the prescribed drug, except in cases where the insured has
    13  not met the annual deductible requirement.
    14    § 3. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10881-01-7