AN ACT LIMITING CHANGES TO PRESCRIPTION DRUG FORMULARIES FOR PSYCHIATRIC PRESCRIPTION DRUGS.

SB 196 would limit health insurance carriers' ability to remove psychiatric medications from their coverage lists or change their cost-sharing tiers during an active policy term. The bill directly affects health insurance companies and patients taking prescribed psychiatric medications who rely on consistent coverage. It requires carriers to justify such changes only in specific circumstances, preventing sudden disruptions to treatment. The law aims to ensure stability in access to essential psychiatric drugs without altering the current formulary structure.