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.
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.
© 2021 School of Government The University of North Carolina at Chapel Hill
This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.