AN ACT relating to prescription drugs.

Summary

The bill tells health insurers, pharmacy‑benefit managers and similar administrators to calculate a patient’s out‑of‑pocket cost for a drug after subtracting at least 85% of any rebates they receive. Any leftover rebates must be used to lower health‑plan premiums, while the exact rebate amounts are treated as trade secrets. It also bars these administrators from charging patients more than the drug’s cash price.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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