| SB 0154 | Prohibits health carriers from changing conditions of its drug formulary during contract period |
| Sponsor: | Bland | |||
| LR Number: | 0147S.01I | Fiscal Note: | 0147-01 | |
| Committee: | Small Business, Insurance & Industrial Relations | |||
| Last Action: | 01/21/03 - Second Read and Referred S Small Business, Insurance | Journal page: | S106 | |
| and Industrial Relations Committee | ||||
| Title: | ||||
| Effective Date: | August 28, 2003 | |||
SB 154 - This act prohibits health carriers from changing their drug formulary except at the beginning of the policy's annual anniversary date. However, the health carrier may add new prescription drugs to its formulary. The health carrier may not increase an enrollee's co-payment, co-insurance or other out-of- pocket expenses except at the beginning of the annual anniversary date for the policy.
This act is identical to SB 792 (2002).
LORIE TOWE