Kentucky HB453 amends health insurance regulations to ensure transparency and fairness in prescription drug pricing and coverage.
Kentucky HB453 amends health insurance regulations to ensure transparency and fairness in prescription drug pricing and coverage. It requires insurers to count cash prices paid by insureds towards cost-sharing requirements and prohibits insurers from imposing penalties on pharmacies for complying with the law. The bill also mandates that insurers provide clear procedures for submitting proof of cash prices and ensures that health plans cover mail-order options for maintenance drugs.
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