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Insurance & Commerce committee pauses vote on prescription-rebate bill after extended testimony
Summary
Lawmakers debated House Bill 14-81, which would apply manufacturer rebates at the pharmacy counter so patients pay coinsurance and deductibles on the net price, not the list price. Supporters said the change would help about 607,000 Arkansans; lawmakers asked for more time and the bill was left on the agenda.
The Senate Insurance & Commerce Committee on Tuesday heard hours of testimony on House Bill 14-81, a proposal to have patient out-of-pocket costs for prescription drugs reflect the net price after manufacturer rebates rather than the list price.
Senator Justin Boyd, the bill sponsor, said the measure is designed "to help the patient at the point of sale," explaining that when rebates are passed through at dispensing, "the patient who is driving that rebate ... also benefits." Boyd told members the change would make coinsurance and deductibles based on the net…
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