| SB 0194 | Prohibits health carriers from changing conditions of their drug formulary during contract periods |
| Sponsor: | Schneider | |||
| LR Number: | 0793S.01I | Fiscal Note: | 0793-01 | |
| Committee: | Insurance and Housing | |||
| Last Action: | 01/31/01 - Hearing Conducted S Insurance & Housing Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 2001 | |||
SB 194 - This act prohibits health carriers from changing their drug formularies except at the beginning of the policy anniversary date or pursuant to a FDA recommendation. 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 161 (2001).
STEPHEN WITTE