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Committee amends HB1584 to create separate PBM license class; bill passes out of committee

2334957 · February 18, 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

The House committee accepted an amended version of House Bill 1584 that adds a separate licensing class for pharmacy benefit managers, adopts Representative Casper’s definition narrowing the bill’s scope, and passed the bill as amended on a roll-call vote.

The House Committee on Industry, Business and Labor voted to pass House Bill 1584 as amended, adopting a new licensing class for pharmacy benefit managers and Representative Casper’s narrower definition of PBMs.

The amendments — one establishing a distinct license category for PBMs and one providing a revised definition of “pharmacy benefit manager” that Representative Casper offered — were combined and adopted before the committee voted on the bill. Representative Casper moved to adopt both amendments; Representative Koppelman moved that the committee “do pass as amended” on House Bill 1584, with a second from Representative Shots. The motion passed on a roll-call vote.

The amended measure creates a separate licensure class for PBMs, distinct from the third-party administrator (TPA) license the entities now commonly hold. John Arnold, Deputy…

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