Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Subcommittee hears HB 100 to require pharmacy rebates be passed to consumers at point of sale
Summary
Collier Williams of the National MS Society told the Insurance Subcommittee HB 100 would require PBMs and insurers to pass at least 80% of negotiated rebates and discounts directly to consumers at the pharmacy counter to reduce out‑of‑pocket drug costs.
Collier Williams, representing the National MS Society, told the Insurance Subcommittee on Life and Health that House Bill 100 would require insurers and pharmacy benefit managers (PBMs) to pass at least 80% of negotiated rebates and discounts directly to consumers at the point of sale. Williams urged the committee to support the measure to reduce out‑of‑pocket drug costs for people with multiple sclerosis and others who rely on disease‑modifying therapies.
"House Bill 100 would require that insurance plans and pharmacy benefit managers or PBMs share the financial benefit directly with the consumer at the point of sale," Collier Williams said. He cited a society survey finding that 40 percent of people on…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
