as introduced - 88th Legislature (2013 - 2014) Posted on 03/04/2013 02:21pm
Engrossments | ||
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Introduction | Posted on 03/04/2013 |
A bill for an act
relating to insurance; establishing cost-sharing criteria for generic and
over-the-counter drugs offered by qualified health plans.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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Each qualified health plan offered through
a Minnesota health insurance exchange:
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(1) must provide coverage for generic prescription drugs without co-payments,
coinsurance, or other enrollee cost sharing; and
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(2) may provide coverage for over-the-counter drugs without co-payments,
coinsurance, or other enrollee cost sharing, if the issuer of the qualified health plan
determines that the over-the-counter drug is an appropriate and cost-effective substitute
for a formulary legend drug.
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(a) For purposes of this section, the following definitions apply.
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(b) "Affordable Care Act" means Public Law 111-148, as amended by the federal
Health Care and Education Reconciliation Act of 2010 (Public Law 111-152), and any
amendments to, or regulations or guidance issued under, those acts.
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(c) "Cost-effective" means the cost to the issuer of the qualified health plan of
providing the over-the-counter drug without cost sharing is less than the cost to the issuer
of providing the formulary legend drug, after any applicable enrollee cost sharing.
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(d) "Minnesota health insurance exchange" means the health benefit exchange
established by the state in compliance with section 1311 of the Affordable Care Act.
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(e) "Qualified health plan" has the meaning provided in section 1301 of the
Affordable Care Act.
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This section is effective January 1, 2014.
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