AN ACT CONCERNING REVISIONS TO THE HEALTH INSURANCE STATUTES.

HB 6436 establishes a health benefit review program within Connecticut's Insurance Department to evaluate mandated health benefits requested by the legislature. It requires pharmacy benefits managers (PBMs) to annually report detailed rebate data from drug manufacturers - specifically, the total rebates collected and the portion not passed to health carriers - by March 1, 2026. All submitted data is confidential under FOIA, except when aggregated for an annual legislative report, and PBMs face penalties up to $7,500 for noncompliance. The law aims to increase transparency around drug pricing without mandating specific reforms to insurance coverage.