Bill Summary for H 20 (2015-2016)
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| View NCGA Bill Details | 2015-2016 Session |
AN ACT TO ENCOURAGE PARENT EDUCATION DURING WELL‑CHILD VISITS AT SPECIFIC AGE INTERVALS REGARDING TYPE I DIABETES; AMEND THE LAW PERTAINING TO PHARMACY BENEFIT MANAGERS; AMEND THE REQUIREMENTS FOR A MUNICIPALITY OR HOSPITAL AUTHORITY TO APPROVE THE SALE OR LEASE OF A PUBLIC HOSPITAL; PROVIDE FOR CERTAIN EXCEPTIONS UNDER THE CERTIFICATE OF NEED LAW; AND REPEAL NORTH CAROLINA'S CERTIFICATE OF PUBLIC ADVANTAGE LAWS.Intro. by C. Graham.
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Bill summary
Senate committee substitute makes the following changes to the 3rd edition.
Amends the short and long titles.
Amends GS 58-2-70 to add pharmacy benefits manager to the list of individuals for which the civil penalties apply to for violations of the provisions of GS Chapter 58 (Insurance). More specifically allows the assessment of monetary penalties or restitution when the Commissioner of Insurance has reason to believe that a pharmacy benefits manager has failed to review and maintain its maximum allowable cost price list as specified and in comparison with the national marketplace for prescription drugs. Authorizes the Commissioner of Insurance to impose additional monetary penalties of up to $1,000 per prescription, for prescriptions found to have been improperly reimbursed as a result of noncompliance with the maximum allowable cost price list requirements.
Makes conforming and technical changes.
Above changes are effective when the act becomes law.