SB1509

Hawaii SB1509 mandates that health care insurers and pharmacy benefit managers share prescription drug rebates with enrollees, reducing their cost.

Hawaii SB1509, known as the Pharmacy Benefits Manager Share the Savings Act, requires pharmacy benefit managers to share rebates with enrollees, reducing their cost sharing for prescription drugs. The bill defines "rebate" as negotiated price concessions from manufacturers. Health care insurers must also share rebates with enrollees, ensuring their cost sharing is reduced by at least 100% of all rebates. The bill prohibits the disclosure of rebate information that could compromise financial or proprietary interests.