S07110 Summary:

BILL NOS07110
 
SAME ASSAME AS A10107
 
SPONSORSKOUFIS
 
COSPNSR
 
MLTSPNSR
 
Amd §280-a, Pub Health L
 
Ensures reimbursement practices of pharmacy benefit managers do not allow for reimbursement of an amount less than the cost of procuring the drugs.
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S07110 Actions:

BILL NOS07110
 
05/18/2023REFERRED TO HEALTH
01/03/2024REFERRED TO HEALTH
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S07110 Committee Votes:

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S07110 Floor Votes:

There are no votes for this bill in this legislative session.
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S07110 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7110
 
                               2023-2024 Regular Sessions
 
                    IN SENATE
 
                                      May 18, 2023
                                       ___________
 
        Introduced  by  Sen. SKOUFIS -- read twice and ordered printed, and when
          printed to be committed to the Committee on Health
 
        AN ACT to amend the public health  law,  in  relation  to  reimbursement
          rates of pharmacy benefit managers
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Paragraph (e) of subdivision 4  of  section  280-a  of  the
     2  public  health  law,  as  added  by  chapter 828 of the laws of 2021, is
     3  amended and a new subdivision 4-a is added to read as follows:
     4    (e) (i) if an appeal is denied, the  pharmacy  benefit  manager  shall
     5  identify the national drug code of a therapeutically equivalent drug, as
     6  determined  by  the federal Food and Drug Administration, that is avail-
     7  able for purchase by pharmacies in this state  from  wholesalers  regis-
     8  tered  pursuant to subdivision four of section sixty-eight hundred eight
     9  of the education law that  the  pharmacist  or  pharmacy  purchases  the
    10  majority of prescription drugs for resale from at a price which is equal
    11  to  or less than the maximum allowable cost or other reimbursement pric-
    12  ing methodology used by the pharmacy benefits manager to determine  cost
    13  for that drug as determined by the pharmacy benefit manager.
    14    (ii)  if the national drug code number  provided by the pharmacy bene-
    15  fit manager is not  available below the pharmacy acquisition cost   from
    16  the  pharmaceutical  wholesaler  from  whom  the  pharmacy or pharmacist
    17  purchases the majority of prescription drugs for resale, then the  phar-
    18  macy  benefit  manager  shall adjust the maximum allowable cost or other
    19  pricing methodology used by the pharmacy benefits manager  to  determine
    20  cost  above  the  challenging  pharmacy's  pharmacy acquisition cost and
    21  permit the pharmacy to reverse and rebill each  claim  affected  by  the
    22  inability  to  procure  the drug at a cost that is equal to or less than
    23  the previously challenged maximum allowable cost.
    24    4-a. Reimbursement. (a) A pharmacy benefit manager shall not reimburse
    25  a pharmacy or pharmacist in this state an amount less  than  the  amount
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05319-02-3

        S. 7110                             2
 
     1  that  the pharmacy benefit manager reimburses a pharmacy benefit manager
     2  affiliate for providing the same pharmacist services.
     3    (b)    The amount shall be calculated on a per unit basis based on the
     4  same generic product identified or generic code number.
     5    § 2. This act shall take effect on the ninetieth day  after  it  shall
     6  have become a law.
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