2023-2024 Regular SessionWisconsin Legislature

SB737: Regulation of pharmacy benefit managers, fiduciary and disclosure requirements on pharmacy benefit managers, and application of prescription drug payments to health insurance cost-sharing requirements. (FE)

Legislative Summary

An Act to repeal 632.865 (2) and 632.865 (5) (e); to renumber 632.865 (4); to amend 40.51 (8), 40.51 (8m), 66.0137 (4), 120.13 (2) (g), 185.983 (1) (intro.), 609.83, 632.861 (4) (a), 632.865 (1) (ae) and 632.865 (6) (c) 3.; and to create 632.861 (1m), 632.861 (3g), 632.861 (3r), 632.861 (4) (e), 632.862, 632.865 (1) (ab) and (ac), 632.865 (1) (an), (aq), and (at), 632.865 (1) (bm), 632.865 (1) (cg) and (cr), 632.865 (2d), 632.865 (2h), 632.865 (2p), 632.865 (2t), 632.865 (4) (b), 632.865 (5d), (5h), (5p) and (5t), 632.865 (6) (bm), 632.865 (6) (c) 3m., 632.865 (6g), 632.865 (6r) and 632.865 (8) of the statutes; Relating to: regulation of pharmacy benefit managers, fiduciary and disclosure requirements on pharmacy benefit managers, and application of prescription drug payments to health insurance cost-sharing requirements. (FE)

Demographic Impact

Overall analysis of equity impact

80% Positive
High ConfidenceView detailed demographic breakdown ↓

Unlock Full Demographic Insights

Go beyond the overall score.

Gain a deeper understanding of this bill's potential impact across diverse communities, including detailed breakdowns by category and subgroup. Access to this granular analysis helps ensure equitable outcomes.

Enable full analysis features for your organization.

Contact Sales to Learn More

Or email us directly at sales@legiequity.us.

Bill History

12/1/2023
Introduced
Senate
12/1/2023
Read first time and referred to Committee on Insurance and Small Business
Senate
12/4/2023
Representative Rettinger added as a cosponsor
Senate
12/6/2023
Public hearing held
Senate
12/6/2023
Senator Larson added as a coauthor
Senate
12/11/2023
Fiscal estimate received
Senate
12/13/2023
Representative Baldeh added as a cosponsor
Senate
12/28/2023
Representative Green added as a cosponsor
Senate
12/28/2023
Representative O'Connor withdrawn as a cosponsor
Senate
1/17/2024
Representative Armstrong added as a cosponsor
Senate
2/6/2024
Representative Allen added as a cosponsor
Senate
4/15/2024
Failed to pass pursuant to Senate Joint Resolution 1
Senate