TO PROVIDE A DRUG REIMBURSEMENT PROCESS FOR CERTAIN HEALTHCARE PROVIDERS.
HB 1703 (now Act 570) establishes a new process for reimbursing healthcare providers for drugs. It directly affects healthcare providers and insurance companies or health plans (referred to as "contracting entities"). The key provision requires providers to notify insurers when a drug’s cost to them is below the agreed reimbursement rate; upon receiving this notice, insurers must adjust rates to at least 110% of the provider’s actual drug cost without requiring an appeal. This change ensures faster reimbursement adjustments for low-cost drugs, streamlining the process for affected providers.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2025
Committee Review
Apr 2025
House Passage
Apr 2025
Senate Passage
Apr 2025
Signed into Law
Apr 2025
Introduced Mar 6, 2025
Signed Apr 14, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Act 570
→
HB 1703
·
1 edit
MINOR
The bill text was reformatted from Act 570 to HB 1703, adding standard legislative header information including the state name, assembly details, and bill number. No substantive policy changes, scope modifications, or content alterations were made to the actual legislative provisions.
TECHNICAL
Added bill header information including bill number (HB 1703), session details (95th General Assembly, Regular Session 2025), and formatting changes to the title section.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
16
Key actions
7
Committee
2
Amendments
1
Apr 14, 2025
Signed into law
Notification that HB1703 is now Act 570
lower
Apr 9, 2025
Lower · Passed
Returned from the Senate as passed.
lower
Apr 9, 2025
Upper · Passed
Returned to the House as passed.
upper
Apr 9, 2025
Upper · Passed
Read the third time and passed.
upper
Apr 3, 2025
Upper · Passed
Returned by the Committee, with the recommendation that it Do Pass
upper
Mar 31, 2025
Lower · Passed
Read the third time and passed and ordered transmitted to the Senate.
lower
Mar 19, 2025
Lower · Passed
Returned by the Committee Do Pass
lower
Mar 18, 2025
Introduced
Amendment No. 1 read and adopted and the bill ordered engrossed.
lower
Mar 6, 2025
Introduced
Filed
lower
2 primary · 0 co-sponsors
Sponsors
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