What's happening
This bill prevents insurers from charging a copayment for prescription drugs that exceeds the pharmacy's total price after the deductible is met.
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Limit Prescription Copayments
Plain English, a few words. Used as the page title.
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History
- Referred to insurance
- Referred to insurance
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Limit Drug Copayments
In Senate Committee · Insurance · Sponsor Kemp Hannon
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
7504
2017-2018 Regular Sessions
IN ASSEMBLY
April 28, 2017
Introduced by M. of A. ROSENTHAL -- read once and referred to the Committee on Insurance
AN ACT to amend the insurance law and the education law, in relation to copayments for prescription drugs
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subsection (h) of section 4325 of the insurance law, as added by chapter 487 of the laws of 2010, is amended to read as follows:
(h) No corporation or insurer organized or licensed under this chapter which provides coverage for prescription drugs shall require, or enter into a contract which permits, a copayment which exceeds the usual and customary cost of such prescribed drug or which exceeds the total price paid to the pharmacy for such prescribed drug after the insured has met the annual deductible requirement.
§ 2. Section 6826-a of the education law is amended by adding a new subdivision 3 to read as follows:
3. The copayment amount shall not exceed the total price paid to the pharmacy for the prescribed drug, except in cases where the insured has not met the annual deductible requirement.
§ 3. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10881-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.