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House Bill 1293

House Bill 1293

ARCHIVE (2002)

Latest Information

DIGEST OF HB 1293 (Updated February 4, 2002 5:55 PM - DI 104)

Prescription drug discounts. Establishes the Rx program to provide discounted prescription drug prices to uninsured persons, underinsured persons, Medicare recipients, and insured or self funded employee welfare benefit plans. Allows a drug manufacturer or labeler that sells prescription drugs to voluntarily enter into a rebate agreement with the state department of health which requires rebate payments to be made by participating drug manufacturers or labelers to the state for the Rx program. Authorizes the state department to negotiate the amount of the rebate and audit a manufacturer or labeler to assure compliance. Requires a retail pharmacy to sell the drugs covered by the Rx program to participants in the program at the discounted price. Establishes: (1) a formula for the state to use in calculating discount prices for drugs covered by the rebate agreement; (2) a procedure for resolving rebate amount discrepancies; and (3) the Rx dedicated fund, consisting of revenue from manufacturers and labelers who pay rebates and appropriations to the fund. Specifies considerations when negotiating the amount of a voluntary manufacturer or labeler rebate. Requires other units of state government to participate in obtaining a rebate amount. Allows the office, with the consultation of the drug utilization review board, to develop and implement a preferred drug formulary. Sets out parameters of the preferred drug formulary.
Current Status:
Defeated - first House
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