Annual reporting requirement for the amount of prescription drug rebates applied to premium reductions for the State Health Benefit Plan

HB 101 would require yearly public reports on prescription drug discounts and savings (i.e., prescription drug rebates) for the state employees’ health insurance plan, which covers state workers and public school teachers. The report would show how much of the savings from these drug discount programs was used to reduce premiums in the State Health Benefit Plan. The savings would be detailed in both dollar amounts and percentages. The bill also removes any outdated laws that might conflict with these changes.