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Committee approves bill to hold pharmacy benefit managers to insurer-like prompt-payment standards
2852422 · April 2, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
House Bill 1244, as amended, passed the Insurance Committee and moves to Government Operations; the amendment removed statutory caps on individual and aggregate penalties and attached prompt-payment standards for pharmacy benefit managers (PBMs).
The House Insurance Committee voted to advance House Bill 1244, an amended measure that would hold pharmacy benefit managers to prompt-payment standards similar to those applied to health insurers and would remove limits on individual and aggregate penalties for…
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