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Subcommittee tables bill that would have required most PBM rebates be passed to patients at point of sale
Summary
HB2773 proposed requiring 80% of manufacturer price concessions (rebates) be passed through to patients at point of sale to lower out‑of‑pocket costs. After intense debate over mechanics and likely downstream effects on premiums, the subcommittee tabled the bill 4‑3.
Delegate Milday (sponsor) introduced House Bill 2773, a proposal to require pharmacy benefit managers (PBMs) and plans to pass a large share of manufacturer price concessions (rebates) through to patients at the pharmacy.
The bill would have directed 80 percent of price concessions and rebates to be shared with the patient at point of sale, reducing copayments, coinsurance or deductibles. Sponsor testimony framed the change as a way to deliver savings directly to sick…
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