24RS HB 823

House Bill 823

Actions

Last Action	02/26/24: to Committee on Committees (H)
Title	AN ACT relating to the Kentucky Prescription Drug Affordability Board and making an appropriation therefor.
Bill Documents	Introduced
Bill Request Number	1056
Sponsor	S. Stalker
Summary of Original Version	Create new sections of KRS Chapter 194A to establish the Kentucky Prescription Drug Affordability Board; establish the duties and membership of the board; provide that the board be a budgetary unit of the Office of Data Analytics; authorize the board to promulgate administrative regulations; establish conflict of interest requirements for board members, staff, and third-party contractors; create the Kentucky Prescription Drug Affordability Board fund; require the Office of Data Analytics to assess and collect an annual fee from manufacturers and wholesale distributors of prescription drugs, pharmacy benefit managers, health insurers, and any other administrator of pharmacy benefits; require the board to conduct annual affordability reviews of prescription drugs and establish criteria relating to the review; require the board to submit an annual report related to prescription drug pricing; amend KRS 304.2-100 to require the commissioner of insurance to assist the Office of Data Analytics in carrying out the provisions of the Act; require the board to submit a report relating to setting upper payment limits on purchases and payor reimbursements of prescriptions drugs; establish requirements for appointments to the board; require the board's first meeting to take place within 30 days of the appointment of all members.
Index Headings of Original Version	Drugs and Medicines - Kentucky Prescription Drug Affordability Board, creation Fees - Annual assessment, drug manufacturers and wholesalers, insurers, pharmacy benefit managers, other Health and Medical Services - Kentucky Prescription Drug Affordability Board, creation Insurance, Health - Kentucky Prescription Drug Affordability Board, creation Pharmacists - Kentucky Prescription Drug Affordability Board, creation State Agencies - Department of Insurance, commissioner, assistance, Kentucky Prescription Drug Affordability Board State Agencies - Office of Data Analytics, Kentucky Prescription Drug Affordability Board Trade Practices and Retailing - Kentucky Prescription Drug Affordability Board, creation Appropriations - Kentucky Prescription Drug Affordability Board fund, creation Conflict of Interest - Kentucky Prescription Drug Affordability Board, disclosure Boards and Commissions - Kentucky Prescription Drug Affordability Board, creation Reports Mandated - Kentucky Prescription Drug Affordability Board, annual report Reports Mandated - Kentucky Prescription Drug Affordability Board, upper payment limits