OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sSB-445

AN ACT CONCERNING FAIRNESS IN PHARMACY AND PHARMACY BENEFITS MANAGER CONTRACTS.

AMENDMENT

LCO No.: 7599

File Copy No.: 519

Senate Calendar No.: 295


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 18 $

FY 19 $

UConn Health Ctr.

Various - Eliminates Potential Cost in Bill

Up to 338,641

Up to 451,522

UConn Health Ctr.

Various - Eliminates Cost in Bill

None

75,254

Attorney General

GF - Potential Revenue Gain

See Below

See Below

Note: Various=Various; GF=General Fund

Municipal Impact: None

Explanation

The amendment strikes the underlying bill and its associated fiscal impact.

The amendment does not contain the underlying bill's reporting requirement that would have resulted in a cost to the University of Connecticut (UConn) Health Center of $75,254 in FY 19 and annually thereafter.

The amendment also specifies that a hospital is not required to pay for installing, constructing, or building any new information technology, including interfaces, in order to comply with bidirectional connectivity requirements. This specification eliminates the underlying bill's potential cost to the UConn Health Center of up to $338,641 in FY 18 and $451,522 in FY 19 as well as annually thereafter, associated with building out interfaces.

Lastly, the amendment is not anticipated to result in a fiscal impact to the state or municipalities to comply with the disclosure prohibitions contained in the amendment or cost-sharing parameters in section 1(b). Individuals are charged in accordance with cost-sharing requirements of the state health plan or their respective municipal health plans, which are not anticipated to be impacted by the amendment.

Lastly, the amendment may result in a revenue gain to the General Fund to the extent additional fines or penalties are assessed for violations of the Connecticut Unfair Trade Practices Act.

The amendment's other provisions are not anticipated to result in a fiscal impact to the state or municipalities.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.