Eliminates the Prescription Drug Affordability Advisory Council and modifies financial institution and health plan regulations.

The bill eliminates the Prescription Drug Affordability Advisory Council and modifies various financial institution and health plan provisions. It removes the requirement for health maintenance organizations to register with the commissioner of commerce. It also modifies the registration process for lenders, including fees and application contents. The bill aligns health plan regulatory duties, transferring oversight of health maintenance organizations from the commissioner of health to the commissioner of commerce.

Eliminates the Prescription Drug Affordability Advisory Council and modifies financial institution and health plan regulations.

The bill eliminates the Prescription Drug Affordability Advisory Council and modifies various financial institution and health plan provisions. It removes the requirement for health maintenance organizations to register with the commissioner of commerce. It also modifies the registration process for lenders, including fees and application contents. The bill aligns health plan regulatory duties, transferring oversight of health maintenance organizations from the commissioner of health to the commissioner of commerce.