Virginia House Bill 2516 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 9 2019 - 25% progression, died in committee
Action: 2019-02-05 - Left in Commerce and Labor
Pending: House Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]

Health insurance rate reviews; minimum anticipated loss ratios; pharmacy benefit price spread. Requires the State Corporation Commission (Commission) to treat the price spread on any contract between the issuer of a health benefit plan and its pharmacy benefits manager as an administrative cost of the issuer. The measure requires the issuer's administrative costs to be excluded from the amount of benefits provided under a health benefit plan when the Commission determines the health benefit plan's anticipated loss ratio. The measure codifies portions of the Commission's regulations promulgated to implement the requirement that it review and approve the premium rates for health benefit plans, including the requirement that the benefits provided by a health benefit plan are reasonable in relation to the premiums charged.

Health insurance rate reviews; pharmacy benefit price spread.

Del. Keith Hodges [R]

2019-01-29 - House - House: Subcommittee recommends laying on the table (6-Y 1-N) (Y: 6 N: 1 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2019-02-05	House	Left in Commerce and Labor
2019-01-29	House	Subcommittee recommends laying on the table (6-Y 1-N)
2019-01-15	House	Assigned C & L sub: Subcommittee #1
2019-01-09	House	Referred to Committee on Commerce and Labor
2019-01-09	House	Prefiled and ordered printed; offered 01/09/19 19102959D

Chapter	Article	Section	Citation Type	Statute Text
38	2	316.2	(n/a)	See Bill Text
38	2	4214	(n/a)	See Bill Text
38	2	4319	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?191+sum+HB2516
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB2516+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+H1401V0026+HB2516