HB2550

Kansas HB2550 mandates annual reporting by 340B entities on costs, savings, and payments under the federal 340B drug pricing program.

Kansas HB2550 requires hospitals participating in the federal 340B drug pricing program to submit annual reports to the Kansas Department of Insurance. These reports must include details on costs, savings, and payments made under the program. The Department of Insurance will then publish these reports on its publicly accessible website. The law also authorizes the commissioner to adopt necessary rules and regulations to implement the reporting requirements. The act takes effect from its publication in the statute book.