WeVote
Log In

Bill

Bill

HF 2851

Reverse auction procurement requirement for SEGIP pharmacy benefit contracts modified, use of spread pricing by pharmacy benefit managers prohibited, license application fees increased, fiduciary duties imposed, and money appropriated.

2025-2026 Regular Session Introduced by Steve Elkins and 1 co-sponsor

Overview: HF 2851 - Reverse auction procurement requirement for SEGIP pharmacy benefit contracts modified, use of spread pricing by pharmacy benefit managers prohibited, license ap

Author added Johnson, P.
#healthandhealthdepartment #insurance-health #occupationsandprofessions
0
WeVote Research Nonpartisan
Bill Summary · HF 2851

Overview: HF 2851 - Reverse auction procurement requirement for SEGIP pharmacy benefit contracts modified, use of spread pricing by pharmacy benefit managers prohibited, license application fees increased, fiduciary duties imposed, and money appropriated.
Purpose and Intent: The bill aims to address issues related to pharmacy benefit management practices, particularly the use of spread pricing and the procurement of pharmacy benefit contracts for the State Employees Group Insurance Program (SEGIP).
Key Provisions:
- Modifies the reverse auction procurement requirement for SEGIP pharmacy benefit contracts
- Prohibits the use of spread pricing by pharmacy benefit managers
- Increases license application fees for pharmacy benefit managers
- Imposes fiduciary duties on pharmacy benefit managers
- Appropriates funds to implement the bill's provisions
Affected Parties and Impacts: The bill would impact the State Employees Group Insurance Program, pharmacy benefit managers, and ultimately, state employees who receive health insurance coverage through SEGIP.
Procedural and Timeline Considerations: The bill has been introduced and referred to the Health Finance and Policy committee for further consideration.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.