STAND. COM. REP. 837
Honolulu, Hawaii
, 2003
RE: H.B. No. 18
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2003
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 18 entitled:
"A BILL FOR AN ACT RELATING TO PHARMACEUTICAL BENEFIT MANAGEMENT COMPANIES,"
begs leave to report as follows:
The purpose of this bill is to establish fiduciary duties and obligations for pharmaceutical benefit management companies that administer or manage prescription drug benefit coverage to their clients.
The Hawaii State AFL-CIO submitted testimony in support of this measure. Caremark Inc., AdvancePCS, and Medco Health Solutions, Inc., opposed this measure. Ogawa & Associates submitted comments.
As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 18 and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
____________________________ DWIGHT Y. TAKAMINE, Chair |
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