Relates to brand-name drugs with and without an AB generic equivalent; amends the effective date from January to July next succeeding the date on which it shall have become a law. Sections 1-3 provide that the requirement for insurance companies and pharmacy benefit managers to apply third-party payments or other price reduction instruments for out-of-pocket expenses made on behalf of an insured person when calculating the insured individual's overall contribution shall apply to prescription drugs that are either: a brand-name drug without an AB rated generic equivalent, a brand-name drug with an AB rated [...]

Relates to brand-name drugs with and without an AB generic equivalent; amends the effective date from January to July next succeeding the date on which it shall have become a law. Sections 1-3 provide that the requirement for insurance companies and pharmacy benefit managers to apply third-party payments or other price reduction instruments for out-of-pocket expenses made on behalf of an insured person when calculating the insured individual's overall contribution shall apply to prescription drugs that are either: a brand-name drug without an AB rated generic equivalent, a brand-name drug with an AB rated [...]