HB867: Truth in Prescription Pricing for Patients Act; enact

Legislative Summary

A BILL to be entitled an Act to amend Chapter 64 of Title 33 of the Official Code of Georgia Annotated, relating to regulation and licensure of pharmacy benefits managers, so as to revise the definition of "rebate"; to require pharmacy benefits managers to disclose the true net cost and final net cost, if applicable, of prescription drugs to insureds; to require pharmacy benefits managers to calculate cost sharing requirements for insureds based on the true net cost of prescription drugs; to provide for remittance of difference in cost sharing payments by insureds based on final net cost; to provide for definitions; to provide for related matters; to provide for a short title; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.