HB 1292 (incorporated by HB 1290) – Virginia

Status: Inactive / Dead
Year Introduced: 2020
Link: https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB1292

Health insurance; carrier contracts with pharmacy benefits managers. Prohibits a health insurance carrier from entering into, amending, renewing, or extending a contract with a pharmacy benefits manager unless such contract contains provisions prohibiting the pharmacy benefits manager or his representative from conducting spread pricing with regard to the carrier’s health benefit plans. The bill defines “spread pricing” as the model of prescription drug pricing in which the pharmacy benefits manager charges a carrier a contracted price for prescription drugs and the contracted price for the prescription drugs differs from the amount the pharmacy benefits manager directly or indirectly pays the pharmacist or pharmacy for pharmacist services. This bill was incorporated into HB 1290.

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