Ohio SB207 prohibits certain health insurance cost-sharing practices and requires reporting on prescription drug costs.

Ohio SB207 amends the state's insurance laws to prohibit certain health insurance cost-sharing practices. It restricts copayments, cost sharing, and deductibles to ensure they are reasonable and do not hinder necessary healthcare utilization. The bill also prohibits insurers from basing coverage terms on the availability of financial or product assistance for prescription drugs. Insurers must report annually on prescription drug costs and other financial details. The provisions apply to health benefit plans delivered, issued, modified, or renewed on or after January 1, 2027.

Ohio SB207 prohibits certain health insurance cost-sharing practices and requires reporting on prescription drug costs.

Ohio SB207 amends the state's insurance laws to prohibit certain health insurance cost-sharing practices. It restricts copayments, cost sharing, and deductibles to ensure they are reasonable and do not hinder necessary healthcare utilization. The bill also prohibits insurers from basing coverage terms on the availability of financial or product assistance for prescription drugs. Insurers must report annually on prescription drug costs and other financial details. The provisions apply to health benefit plans delivered, issued, modified, or renewed on or after January 1, 2027.