SB554: Bill Text

LRB-4351/1

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2021 - 2022 LEGISLATURE

2021 Senate BILL 554

September 2, 2021 - Introduced by Senators Erpenbach, Johnson, Agard, Bewley, Carpenter, Larson, Pfaff and Ringhand, cosponsored by Representatives Subeck, Cabrera, Anderson, Conley, Considine, Doyle, Emerson, Hebl, Hesselbein, Hong, Milroy, Neubauer, Ohnstad, Pope, S. Rodriguez, Shankland, Shelton, Sinicki, Snodgrass, Spreitzer, Stubbs and Vruwink. Referred to Committee on Health.

SB554,1,2 An Act to create 20.145 (1) (a) and 601.415 (14) of the statutes; relating to: pharmacy benefits tool grants and making an appropriation.

Analysis by the Legislative Reference Bureau

This bill directs the Office of the Commissioner of Insurance to award grants in an amount of up to $500,000 in each fiscal year to health care providers to develop and implement a tool that would allow prescribers to disclose the cost of prescription drugs for patients. The tool must be usable by physicians and other prescribers to determine the cost of prescription drugs for their patients. Any health care provider that receives a grant to develop and implement a patient pharmacy benefits tool is required to contribute matching funds equal to at least 50 percent of the total grant awarded.

For further information see the state fiscal estimate, which will be printed as an appendix to this bill.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

SB554,1 Section 1. 20.005 (3) (schedule) of the statutes: at the appropriate place, insert the following amounts for the purposes indicated: - See PDF for table

SB554,2 Section 2 . 20.145 (1) (a) of the statutes is created to read:

SB554,2,3 20.145 (1) (a) State operations. The amounts in the schedule for general program operations.

SB554,3 Section 3. 601.415 (14) of the statutes is created to read:

SB554,2,10 601.415 (14) Patient pharmacy benefits tool. (a) From the appropriation under s. 20.145 (1) (a), beginning in the 2022-23 fiscal year, the office shall award grants in a total amount of up to $500,000 each fiscal year to health care providers to develop and implement a tool for prescribers to disclose the cost of prescription drugs for patients. The tool must be usable by physicians and other prescribers to determine the cost of prescription drugs for their patients.

SB554,2,12 (b) Any health care provider that receives a grant under par. (a) shall contribute matching funds equal to at least 50 percent of the grant amount awarded.

SB554,2,13 (End)