Final
BILL SUMMARY for HB05-1300

HOUSE COMMITTEE ON HEALTH AND HUMAN SERVICES

Votes:
Action Taken:
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12:12 PM -- House Bill 05-1300

Representative Pommer, sponsor, presented the bill regarding fiduciary duties of pharmacy benefits managers (PBMs). He answered questions about problems addressed by the bill.

The following persons testified.

12:21 PM -- Michael Petryna, Anthem Blue Cross and Blue Shield, discussed the work of PBMs, the use of drug formularies, competition among PBMs, and generic drug substitution. He answered questions about drug price negotiations and transparency of actions by private businesses.


12:34 PM

Representative Pommer and committee members discussed transparency of actions by private businesses.

12:39 PM -- Susan Cox, Kaiser Permanente, discussed concerns with how the bill will effect Kaiser and its role as both a PBM and an insurer.

12:43 PM -- Allen Horn, Caremark Rx, discussed drug discounts, lawsuits against Caremark, the work and oversight of PBMs, and contracts between clients and PBMs.

12:54 PM -- Peter Harty, MedCo Health Solutions, Inc., discussed competition among PBMs.

01:03 PM -- Travis Berry, Business Council on Health Care Competition, spoke in opposition to the bill.

01:04 PM -- Mark Kinney, Rx Plus Pharmacy, spoke in favor of the bill. He distributed two documents to members (Attachments K and L). He answered questions about transparency for PBMs' business practices.

01:16 PM -- Mike Feeley, Rx Plus Pharmacy, discussed lawsuits regarding pharmacy benefits managers and a 2004 Department of Regulator Agencies' sunrise review of pharmacy benefits managers.


01:32 PM

Representative Boyd listed witnesses who did not have the opportunity to testify and their positions.

01:33 PM -- Bruce Harrelson, Department of Regulatory Agencies, discussed the department's sunrise review of pharmacy benefits managers.


01:35 PM

Representative Boyd took the bill off the table for action only at a later date.