Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House committee hears bill to license pharmacy services administrative organizations
Summary
House Insurance Committee heard testimony on HB 2551, the Kansas Pharmacy Services Administrative Organization Act, which would require PSAO licensure, ownership disclosures, contract transparency with independent pharmacies and prohibit some forced purchases; the Department of Insurance raised implementation concerns and cited a fiscal note calling for one new staff position to oversee identified PSAOs.
The House Insurance Committee on (date not specified) heard a presentation on House Bill 2551, the Kansas Pharmacy Services Administrative Organization Act, which would create a licensing and regulatory framework for pharmacy services administrative organizations, known as PSAOs.
Committee Revisor Eileen, who presented the bill, said, "This act authorizes and provides a regulatory framework for PSAOs," and walked members through provisions that would require licensure, ownership disclosure, timely provision of contracts to independent pharmacies, prohibitions on requiring pharmacies to buy specific amounts of drugs to access discounts, and limits on steering purchases to entities with ownership interests in a PSAO. She said the bill authorizes the Commissioner of Insurance to set application, fee, and renewal processes and…
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
