Fiscal Note on Pharmacy Bill Released
March 28, 2019
The Fiscal Services Division of the Legislative Services Agency released a fiscal note on HF 489. HF 489 is a pharmacy benefit bill related to reporting for pharmacy benefit managers, but also includes a change in how rebates from pharmaceutical companies are issued. ABI members have provided feedback to policy staff with concerns this bill could increase premiums. The initial fiscal impact out on the bill is that it will increase the cost to the state by $6-$10 million. This does not include how it would impact private or self-insured employers or local governments.