Kentucky HB512 amends health insurance regulations to limit cost-sharing for prescription drugs and requires insurers to pass on rebates to insureds.
Kentucky HB512 modifies health insurance regulations to limit the cost-sharing amount that insureds must pay for prescription drugs. Insurers, pharmacy benefit managers, and other pharmacy benefit administrators are prohibited from requiring insureds to pay more for a prescription drug than they would pay if purchasing it directly. The bill also mandates that rebates received by these entities be passed on to insureds, reducing their cost-sharing. This Act applies to health plans issued or renewed on or after January 1, 2027.
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