AN ACT RELATING TO HUMAN SERVICES -- THE RHODE ISLAND PRESCRIPTION DRUG PURCHASING POOL ACT

Summary

The bill establishes the Rhode Island Prescription Drug Purchasing Pool, allowing non‑state public employers, self‑insured private employers, and health‑insurance carriers to purchase prescription drugs through the state to secure lower prices. The Department of Administration will set eligibility, enrollment, payment and withdrawal rules, and may negotiate stop‑loss coverage and multistate agreements. Participants pay the full cost of their own prescriptions; the pool is not an insurance risk pool.

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