SB 0194 Prohibits health carriers from changing conditions of their drug formulary during contract periods
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:
Effective Date:August 28, 2001
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Current Bill Summary

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).