|SB 0161||Prohibits health carriers from changing conditions of its drug formulary during contract period|
|LR Number:||0437S.01I||Fiscal Note:||0437-01|
|Committee:||Insurance and Housing|
|Last Action:||01/22/01 - Second Read and Referred S Insurance and Housing||Journal page:||S124|
|Effective Date:||August 28, 2001|
SB 161 - This act prohibits health carriers from changing their drug formulary except at the beginning of the policy anniversary date. The health carrier may add new prescription drugs to its formulary. The health carrier may not increase an enrollee's co-payment or other out of pocket expenses except at the beginning of the policy annual anniversary date.
This act is similar to SB 661 (2000).