Plain English Breakdown
The official source material does not specify the consequences for non-compliance by organizations.
Pharmacy Information Protection Act
This bill requires organizations receiving certain pharmacy information from pharmacies to destroy that information within five business days if asked by the pharmacy in writing.
What This Bill Does
- Requires organizations receiving maximum allowable cost list or related information from a contracted pharmacy to not disclose it to third parties.
- Limits how long an organization can keep this information after getting a written request for destruction from the sharing pharmacy.
Who It Names or Affects
- Pharmacies that share information with organizations.
- Organizations receiving maximum allowable cost list or related information from pharmacies.
Terms To Know
- Maximum Allowable Cost List
- A list of prices for medicines and other items set by insurance companies or similar groups.
- Pharmacy Services Administrative Organization
- An organization that manages pharmacy services, such as processing claims or providing information to pharmacies.
Limits and Unknowns
- The bill does not specify what happens if an organization fails to destroy the information.
- It is unclear how this will affect existing agreements between pharmacies and organizations.