HB448

Ohio HB448 mandates health plan issuers to apply prescription drug rebates to cost-sharing requirements.

Ohio HB448 requires health plan issuers to apply all rebates received from drug manufacturers or pharmacies to reduce the cost-sharing amount for prescription drugs at the point of sale. The bill defines "rebate" as negotiated price concessions or estimates of price protection rebates and performance-based price concessions. It prohibits health plan issuers from disclosing rebate information and mandates confidentiality for any third parties with access to such information. Violations of these provisions are considered unfair and deceptive insurance practices.