Texas HB1464 establishes a prescription drug purchasing pool for health benefit plan issuers and employers.

HB1464 amends the Health and Safety Code to create a prescription drug purchasing pool. The comptroller will administer the pool, setting eligibility criteria, enrollment procedures, contribution methods, and disenrollment processes. Participants, including health benefit plan issuers, qualified public employers, and qualified private employers, can purchase prescription drugs at discounted rates. The pool does not constitute a risk pool, and participants remain responsible for claims. Employers can jointly purchase drugs, but this does not form a multiple employer welfare arrangement.

Texas HB1464 establishes a prescription drug purchasing pool for health benefit plan issuers and employers.

HB1464 amends the Health and Safety Code to create a prescription drug purchasing pool. The comptroller will administer the pool, setting eligibility criteria, enrollment procedures, contribution methods, and disenrollment processes. Participants, including health benefit plan issuers, qualified public employers, and qualified private employers, can purchase prescription drugs at discounted rates. The pool does not constitute a risk pool, and participants remain responsible for claims. Employers can jointly purchase drugs, but this does not form a multiple employer welfare arrangement.