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
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Current Bill Summary

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).