A 4965 – New Jersey

Status: Inactive / Dead
Year Introduced: 2020
Link: https://www.njleg.state.nj.us/bills/BillView.asp?BillNumber=A4965

This bill requires that health insurance carriers, including the State Health Benefits Program and the School Employees’ Health Benefits Program, and Medicaid managed care prescription drug plans ensure that every contract to provide prescription drug benefits, or to authorize the purchase of a contract to provide prescription drug benefits, utilize consolidated procurement of pharmaceutical drugs in order to lower the cost to beneficiaries. The purpose of the bill is to regulate costs, increase transparency, and ensure cost-savings are passed on to consumers.

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