FISCAL NOTE
Date Requested: March 20, 2025
Time Requested: 02:50 PM |
| Agency: |
Insurance Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3981 |
Introduced |
SB852 |
|
|---|
| CBD Subject: |
Insurance |
|---|
|
FUND(S):
7152 Insurance Commission Fund
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Senate Bill 852, if enacted, would amend the regulation of pharmacy benefit managers (PBMs) by providing an exemption as to when a pharmacy benefit manager may reimburse a pharmacy or pharmacist for a prescription drug or pharmacy service for an amount less than the national average if certain requirements occur.
SB852 would have no fiscal impact on the WVOIC.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2025
Increase/Decrease
(use"-") |
2026
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
Memorandum
Senate Bill 852, if enacted, would amend the regulation of pharmacy benefit managers (PBMs) by providing an exemption as to when a pharmacy benefit manager may reimburse a pharmacy or pharmacist for a prescription drug or pharmacy service for an amount less than the national average if certain requirements occur.
SB852 would have no fiscal impact on the WVOIC.
Person submitting Fiscal Note: JUANITA WIMMER
Email Address: Juanita.D.Wimmer@wv.gov