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SB24-080

Transparency in Health-Care Coverage

Concerning health insurance carrier price transparency requirements, and, in connection therewith, making an appropriation.
Session:
2024 Regular Session
Subject:
Health Care & Health Insurance
Bill Summary

The act requires health insurance carriers (carriers) to comply with federal price transparency laws and to make available an internet-based self-service tool that provides real-time responses to a covered person's questions concerning carrier prices that are based on cost-sharing information.

The act also requires carriers to submit information required by federal pharmacy benefit and drug cost reporting laws to the commissioner of insurance and to make certain information regarding price transparency publicly available.

APPROVED by Governor June 5, 2024

EFFECTIVE June 5, 2024
(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. R. Fields, Sen. S. Jaquez Lewis
Rep. J. Marvin, Rep. M. Young

Sponsor

Co-sponsor

Sen. J. Bridges, Sen. J. Buckner, Sen. L. Cutter, Sen. T. Exum, Sen. J. Ginal, Sen. D. Michaelson Jenet, Sen. K. Priola, Sen. F. Winter
Rep. J. Amabile, Rep. A. Boesenecker, Rep. K. Brown, Rep. L. Daugherty, Rep. E. Epps, Rep. L. García, Rep. E. Hamrick, Rep. T. Hernández, Rep. I. Jodeh, Rep. C. Kipp, Rep. S. Lieder, Rep. M. Lindsay, Rep. M. Lukens, Rep. J. McCluskie, Rep. B. McLachlan, Rep. M. Rutinel, Rep. E. Sirota, Rep. T. Story, Rep. B. Titone, Rep. A. Valdez

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details