❌ HB192
Enact the Community Pharmacy Protection Act
Summary
The bill limits insurer accreditation requirements for pharmacies, mandates drug cost reporting by pharmacy benefit managers, and establishes penalties for violations. It allows pharmacies to file complaints with the superintendent of insurance regarding violations of these provisions. The act applies to health benefit plans and contracts entered into or renewed after its effective date.
Rationale
The bill introduces regulatory measures that may conflict with the Libertarian principles of minimal government intervention and free market operations, particularly regarding accreditation and reporting requirements. However, it also aims to protect pharmacies and consumers, which aligns with some libertarian values of individual rights and market fairness.
Risks and Concerns
- Increased government regulation on pharmacies
- Potential for cronyism in pharmacy benefit manager reporting
- Administrative penalties may lead to overreach