2022 -- H 7242

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LC004216

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2022

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A N   A C T

RELATING TO HEALTH AND SAFETY -- ESTABLISHING THE RHODE ISLAND RARE

DISEASE MEDICATION ACCESSIBILITY, AFFORDABILITY, AND REINSURANCE ACT

     

     Introduced By: Representative Joseph M. McNamara

     Date Introduced: January 28, 2022

     Referred To: House Health & Human Services

     It is enacted by the General Assembly as follows:

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     SECTION 1. Title 23 of the General Laws entitled "HEALTH AND SAFETY" is hereby

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amended by adding thereto the following chapter:

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CHAPTER 97

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THE RHODE ISLAND RARE DISEASE MEDICATION ACCESSIBILITY,

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AFFORDABILITY, AND REINSURANCE ACT

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     23-97-1. Legislative findings and purpose.

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     (a) Advancements in medical research are leading to medications which give new hope to

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cure otherwise fatal or debilitating rare diseases. The state recognizes these medications have

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exceedingly high and immediate costs. Due to the rareness of the conditions, the drug treatment

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costs are not well distributed across the healthcare financing system. These high cost and rare

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treatments trigger financial complications for an employer, municipality, the Medicaid program,

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the state as an employer, and health insurers, in a way that treatments for common conditions do

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not; some employers and programs may even consider excluding coverage. Therefore, it is in the

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interest of the state to facilitate coverage and fair financing by allocating the costs incurred for

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covering such medications as broadly as possible.

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     (b) This chapter establishes within the office of health and human services a program,

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informed by an advisory council, to assure equitable financing and thereby to facilitate access to

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life changing medication for rare diseases.

 

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     23-97-2. Definitions.

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     As used in this chapter, the following words and phrases as used in this chapter shall have

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the following meaning:

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     (1) "Contribution enrollee" means:

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     (i) An individual residing in this state, with respect to whom an insurer administers,

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provides, pays for, insures, or covers healthcare services, unless excepted by this section;

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     (ii) An individual residing outside this state, when covered by a contract, policy, or plan

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that is delivered, issued for delivery, or renewed in this state; or

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     (iii) An individual residing outside of this state, covered by a group that provides health

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benefits on a self-insurance basis, when such group has elected to participate in the program,

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pursuant to rules established by the secretary.

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     (iv) "Contribution enrollee" shall not include an individual whose healthcare services are

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paid or reimbursed by Part A or Part B of the Medicare program, a Medicare supplemental policy

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as defined in section 1882(g)(1) of the Social Security Act, 42 U.S.C. § 1395ss(g)(1), or Medicare

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managed care policy, unless such federal program becomes eligible, as determined by the secretary.

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     (2) "Covered drug" means a high cost prescription drug, gene therapy, or cell therapy

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designated as an orphan drug by the federal Food and Drug Administration and determined by the

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secretary as a reinsurance eligible drug under the program. The secretary’s designation of a drug as

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a covered drug shall be made with the input of an advisory council created pursuant to § 23-97-4.

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     (3) "Fund" means the rare disease medication reinsurance fund established by § 23-97-3.

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     (4) "Insurer" means all persons offering, administering, and/or insuring healthcare services,

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including, but not limited to:

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     (i) Policies of accident and sickness insurance, as defined by chapter 18 of title 27:

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     (ii) Nonprofit hospital or medical-service plans, as defined by chapters 19 and 20 of title

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27;

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     (iii) Any person whose primary function is to provide diagnostic, therapeutic, or preventive

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services to a defined population on the basis of a periodic premium;

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     (iv) All domestic, foreign, or alien insurance companies, mutual associations, and

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organizations;

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     (v) Health maintenance organizations, as defined by chapter 41 of title 27;

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     (vi) All persons providing health benefits coverage on a self-insurance basis;

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     (vii) All third-party administrators described in chapter 20.7 of title 27; and

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     (viii) All persons providing health benefit coverage under Title XIX of the Social Security

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Act (Medicaid) as a Medicaid managed care organization offering managed Medicaid.

 

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     (ix) "Insurer" shall not include any nonprofit dental service corporation as defined in §§

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27-20.1-1 or 27-20.1-2, nor any insurer offering only those coverages described in § 42-7.4-14.

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     (5) "Person" means any individual, corporation, company, association, partnership, limited

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liability company, firm, state governmental corporations, districts, and agencies, joint stock

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associations, trusts, and the legal successor thereof.

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     (6) "Rare disease medication funding contribution" means per capita amount each

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contributing insurer shall contribute to support the program funded by the method established

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pursuant to the provisions of this chapter, with respect to each contribution enrollee.

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     (7) "Secretary" means the secretary of health and human services.

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     23-97-3. Establishment of program fund.

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     (a) The rare disease medication reinsurance fund is hereby established to provide funding

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for the operation and administration of the program in carrying out the purposes of the program

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under this chapter. A restricted-receipt account shall be established for the fund which may be used

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for the purposes set forth in this chapter and shall be exempt from the indirect cost recovery

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provisions of § 35-4-27. The general treasurer is authorized and directed to draw his or her orders

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on the account upon receipt of properly authenticated vouchers from the secretary.

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     (b) The secretary is authorized to administer the fund.

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     (c)The fund shall consist of monies collected pursuant to this chapter. In addition, the

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secretary may seek or receive, and the general treasurer is authorized to accept, any grant, devise,

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bequest, donation, gift, or assignment of money, bonds, or securities; funds from any state or federal

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agency, and; settlements. The funds shall be used solely for the purposes of the "rare diseases

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medication reinsurance fund", and no other.

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     (d) No general revenue funding shall be used for reinsurance payments.

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     (e) The secretary shall submit to the general assembly an annual report on the program and

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costs related to the program, on or before February 1 of each year. The executive office shall make

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the report available to each insurer required to make a contribution pursuant to this chapter.

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     23-97-4. Access to medication for rare diseases advisory council.

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     (a) Creation of an advisory council. There is hereby created and established a funding for

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rare diseases medication advisory council, to be referred to in this chapter as "the council."

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     (1) The council shall be composed of the following fifteen (15) members, each to be

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selected by the secretary unless otherwise noted:

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     (i) The directors of the following four (4) departments or their designees: the department

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of health, the department of administration, the department of human services Medicaid program,

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and office of the health insurance commissioner;

 

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     (ii) One representative of the University of Rhode Island School of Pharmacy with

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expertise in the study of clinical effectiveness, to be appointed by the dean of the school;

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     (iii) Three (3) representatives of insurers, one of which shall be a Medicaid managed care

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organization;

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     (iv) One representative of a pharmacy benefit manager;

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     (v) Three (3) representatives of prescribers, representing different clinical specialties,

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knowledgeable about the treatment of rare diseases, and at least one of whom shall be a licensed

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pediatrician;

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     (vi) One representative of the Rhode Island parent information network or if such

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organization ceases to exist then another local representative from another patient advocacy

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organization;

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     (vii) One representative of an organization that self-funds its health coverage; and

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     (viii) One representative of a municipality or municipal purchasing collaborative.

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     (2) Council members shall be independent and free of conflict with respect to any

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pharmaceutical manufacturer or distributor that might be interested in the decision to include a

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medication as a covered drug. The secretary shall protect against such conflict of interest by

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requiring disclosures and preclude a person’s service on the council based on economic or other

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interests, including employment or appointments, financial interests, payments, funding, gifts, or

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other relationships that would compromise a council member’s independence.

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     (3) The secretary may solicit input from other organizations or experts the secretary

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determines are essential for the proper execution of the program.

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     (4) Should any member cease to be an officer or employee of the entity he or she is

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appointed to represent, his or her membership shall terminate immediately. Any vacancy shall be

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filled by the appointing authority in the same manner as the original appointment.

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     (5) The members of the council shall elect a chairperson and vice chairperson by a majority

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vote of those present and voting.

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     (6) The secretary shall make the appointments to the council as described above and call

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the first meeting of the council within four (4) months of enactment of the chapter.

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     (b) Duties of the advisory council. Based on information from the secretary, the council

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shall recommend the drugs to be covered, an assessment rate, and a funding distribution method.

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     (1) The council shall recommend for inclusion only those medications that are high cost

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prescription drugs, gene therapies or cell therapies designated as orphan drugs by the federal drug

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administration. The council shall review and recommend for inclusion those medications with the

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greatest medical efficacy and which treat those conditions expected to occur with the lowest

 

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frequency, and may consider any other factor or factors the council determines to be relevant, in

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making a recommendation to the secretary that a medication be a covered drug eligible for

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reimbursement under the program.

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     (2) The council shall be informed by the secretary of the price of each prospective

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medication, and the estimated number of treatable cases based on the treatment frequency for each

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drug and the population eligible for coverage under the program.

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     (3) The council shall recommend a preliminary funding contribution for each

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recommended drug in an amount equal to: the price for each drug multiplied by the estimated

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number of treatable cases, divided by the number of contribution enrollees. An additional amount

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shall be included to improve the likelihood that sufficient funds will be available and for

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administering the program, by adding an amount not to exceed four percent (4%) of the preliminary

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funding contribution for each covered drug. No additional costs shall be added to the contribution

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rate.

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     (4) The council shall review and advise the secretary on the process for distributing

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reinsurance funds.

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     23-97-4.1. Rare disease medication pricing.

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     The secretary is hereby authorized and directed to create a drug pricing plan for covered

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drugs. Manufacturers and distributors of the covered drugs shall offer and accept such prices and

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terms from participating insurers. In developing the pricing plan, the secretary shall:

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     (1) Utilize and base the price of a covered drug on the current medical assistance

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(Medicaid) drug program price or may negotiate state-specific prices or participate in multi-state

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pooling or other collaborative programs, either of which may include rebates, discounts, or other

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agreements with pharmaceutical companies; and

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     (2) Utilize alternative payment methods including, but not limited to, value-based

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payments or performance guarantees, or which distribute the financial burden over time by

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amortizing the costs.

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     23-97-5. Determination of covered drugs and funding contribution.

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     (a) Beginning February 1, 2023, and annually thereafter, the secretary shall announce the

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covered drugs and set the rare disease medication funding contribution in accordance with the

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provisions of this chapter.

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     (b) The secretary shall determine the covered drug or drugs and the contribution rate to

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generate program funds, based on the recommendation of the council. The secretary may determine

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not to include a drug recommended by the council. To determine the final funding contribution

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rate, the secretary shall add the individual contribution rates for each drug the secretary determines

 

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shall be a covered drug under the program.

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     (c) Each insurer is required to pay the rare disease medication funding contribution for each

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contribution enrollee of the insurer at the time the contribution is calculated and paid, at the rate set

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forth by the secretary in accordance with the provisions of this section.

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     (d) The contribution set forth herein shall be in addition to any other fees or assessments

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upon the insurer allowable by law.

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     (e) The contribution shall be paid by the insurer; provided, however, a person providing

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health benefits coverage on a self-insurance basis that uses the services of a third-party

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administrator shall not be required to make a contribution for a contribution enrollee where the

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contribution on that enrollee has been or will be made by the third-party administrator.

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     (f) A person providing health benefits coverage on a self-insurance basis shall inform the

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secretary of the intent to participate in the program for the individuals covered by the plan residing

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outside of this state, pursuant to rules established by the secretary. An affirmative election shall be

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in place and contributions made for these out-of-state enrollees at least one year prior to a claim

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being submitted for such out of state enrollees.

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     23-97-6. Returns and payment.

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     (a) Beginning in April of 2024, and subject to subsection (b) of this section, every insurer

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required to make a contribution shall, on or before the last day of January, April, July, and October

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of each year, make a return to the secretary together with payment of the quarterly funding

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contribution for the preceding three (3) month period.

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     (b) Any insurer required to make the contribution that can substantiate that the insurer's

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contribution liability would average less than twenty-five thousand dollars ($25,000) per month

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may file returns and remit payment annually on or before the last day of January each year

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(beginning January of 2025); provided, however, that the insurer shall be required to make quarterly

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payments if the secretary determines that:

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     (1) The insurer has become delinquent in either the filing of the return or the payment of

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the funding contribution due thereon; or

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     (2) The liability of the insurer exceeds seventy-five thousand dollars ($75,000) in funding

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contributions per quarter for any two (2) subsequent quarters.

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     (c) All returns shall be signed by the insurer required to make the contribution, or by its

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authorized representative, subject to the pains and penalties of perjury.

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     (d) If a return shows an overpayment of the contribution due, the secretary shall refund or

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credit the overpayment to the insurer required to make the contribution, or the insurer may deduct

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the overpayment from the next quarterly or annual return.

 

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     (e) The secretary, for good cause shown, may extend the time within which an insurer is

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required to file a return, and if the return is filed during the period of extension no penalty or late

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filing charge may be imposed for failure to file the return at the time required by this section, but

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the insurer shall be liable for interest as prescribed in § 23-97-8. Failure to file the return during the

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period for the extension shall void the extension.

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     23-97-7. Set-off for delinquent payment.

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     If an insurer required to make the contribution pursuant to this chapter shall fail to pay a

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contribution within thirty (30) days of its due date, the secretary may request any agency of state

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government making payments to the insurer to set-off the amount of the delinquency against any

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payment or amount due the insurer from the agency of state government and remit the sum to the

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secretary. Upon receipt of the set-off request from the secretary, any agency of state government is

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authorized and empowered to set-off the amount of the delinquency against any payment or

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amounts due the insurer. The amount of the set-off shall be credited against the contribution due

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from the insurer.

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     23-97-8. Assessment on available information -- Interest on delinquencies -- Penalties

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-- Collection powers.

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     If any insurer shall fail to file a return within the time required by this chapter, or shall file

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an insufficient or incorrect return, or shall not pay the contribution imposed by this section when it

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is due, the secretary shall assess the contribution upon the information as may be available, which

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shall be payable upon demand and shall bear interest at the annual rate provided by § 44-1-7, from

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the date when the contribution should have been paid. If the failure is due, in whole or part, to

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negligence or intentional disregard of the provisions of this section, a penalty of ten percent (10%)

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of the amount of the determination shall be added to the contribution. The secretary shall collect

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the contribution with interest. The secretary may request any agency to assist in collection,

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including the tax administrator, who may collect the contribution with interest in the same manner

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and with the same powers as are prescribed for collection of taxes in title 44.

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     23-97-9. Claims for refund or payment -- Hearing upon denial.

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     (a) Any insurer required to pay the contribution or making a request for reinsurance

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payment may file a claim for refund or payment with the secretary at any time within one year after

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the contribution has been paid or reinsurance payment request made. If the secretary shall determine

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that the contribution has been overpaid, or that a payment to the insurer was due or underpaid, he

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or she shall make a refund or payment with ten percent (10%) interest from the date of overpayment,

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or the date the payment was due.

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     (b) Any insurer whose claim for refund or reinsurance payment has been denied may,

 

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within thirty (30) days from the date of the mailing by the secretary of the notice of the decision,

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request a hearing and the secretary shall, as soon as practicable, set a time and place for the hearing

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and shall notify the person.

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     23-97-10. Hearing by secretary on application.

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     Any insurer aggrieved by the action of the secretary in determining the amount of any

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contribution, reinsurance payment, or penalty imposed under the provisions of this chapter may

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apply to the secretary, within thirty (30) days after the notice of the action is mailed to it, for a

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hearing relative to the contribution, payment, or penalty. The secretary shall fix a time and place

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for the hearing and shall so notify the person. Upon the hearing the secretary shall correct manifest

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errors, if any, disclosed at the hearing and thereupon assess and collect, or pay, the amount lawfully

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due together with any penalty or interest thereon.

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     23-97-11. Appeals.

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     Appeals from administrative orders or decisions made pursuant to any provisions of this

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chapter shall be pursued pursuant to chapter 35 of title 42. The right to appeal under this section

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shall be expressly made conditional upon prepayment of all contribution, interest, and penalties

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unless the insurer demonstrates to the satisfaction of the court that the insurer has a reasonable

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probability of success on the merits and is unable to prepay all contribution, interest, and penalties,

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considering not only the insurer's own financial resources but also the ability of the insurer to

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borrow the required funds. If the court, after appeal, holds that the insurer is entitled to a refund or

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payment, the insurer shall also be paid interest on the amount at the rate provided in § 44-1-7.

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     23-97-12. Records.

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     Every insurer required to make the contribution shall:

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     (1) Keep records as may be necessary to determine the amount of its liability or claim for

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reinsurance payment under this chapter;

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     (2) Preserve those records for a period of three (3) years following the date of filing of any

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return or claim required by this chapter, or until any litigation or prosecution under this chapter has

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been finally adjudicated or decided and all appeals exhausted; and

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     (3) Make those records available for inspection by the secretary or his/her authorized

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agents, upon demand, at reasonable times during regular business hours.

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     23-97-13. Method of payment and deposit of contribution.

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     (a) The payments required by this chapter may be made by electronic transfer of monies to

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the general treasurer.

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     (b) The general treasurer shall take all steps necessary to facilitate the transfer of monies

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to the rare disease medication funding account established pursuant to § 23-97-3.

 

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     (c) Any remainder in the account after funds have been distributed in a program year shall

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be retained for use in subsequent program years.

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     (d) The general treasurer shall provide the secretary with a record of any monies transferred

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and deposited.

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     23-97-14. Rules and regulations.

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     The secretary is authorized to make and promulgate rules, regulations, and procedures not

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inconsistent with state law and fiscal procedures as he or she deems necessary for the proper

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administration of this chapter and to carry out the provisions, policies, and purposes of this chapter

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including, but not limited to, data deemed necessary by the secretary from insurers for the correct

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computation of the funding contribution, collaboration with other state agencies for collecting

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necessary information, and the form of the return and the data which shall be included for the

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correct computation of the funding contribution.

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     23-97-15. Excluded coverage from the health care services funding plan act.

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      In addition to any exclusion and exemption contained elsewhere in this chapter, this

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chapter shall not apply to insurance coverage providing benefits for, nor shall an individual be

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deemed a contribution enrollee solely by virtue of receiving benefits for the following:

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     (1) Hospital confinement indemnity;

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     (2) Disability income;

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     (3) Accident only;

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     (4) Long-term care;

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     (5) Medicare supplement;

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     (6) Limited benefit health;

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     (7) Specified disease indemnity;

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     (8) Sickness or bodily injury or death by accident or both; or

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     (9) Other limited benefit policies.

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     23-97-16. Impact on health insurance rates.

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     (a) Allocation. An insurer required to make a funding contribution under this chapter may

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pass on the cost of that contribution in the cost of its services, such as its premium rates for insurers,

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without being required to specifically allocate those costs to individuals or populations that actually

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incurred the contribution. The costs are to be fairly allocated among the market segments incurring

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such costs.

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     (b) Oversight. The health insurance commissioner shall ensure, through the rate review and

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approval process that the rates filed for fully insured groups and individuals, pursuant to chapter

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18.5, 18.6 or 50 of title 27 reflect the transition to the funding method provided by this section.

 

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     23-97-17. Distribution from the rare disease medication reinsurance fund.

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     (a) The secretary shall by regulation implement a state-based reinsurance program to

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provide insurers with reinsurance payments for covered drugs. The program is intended to mitigate

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the impact of high-cost prescription drugs and gene or cell therapies on the cost of healthcare

5

coverage offered by the insurer.

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     (1) Reinsurance payments shall be available for claims for covered drugs paid by an insurer

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on or after January 1, 2024.

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     (2) An insurer becomes eligible for payment from the reinsurance fund when it pays for

9

one or more covered drugs in a calendar year.

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     (3) Insurers may request reinsurance payments on a calendar year basis. The secretary shall

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establish a timely filing requirement for insurers to receive a reinsurance payment for a covered

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drug. Such timely filing requirement shall not be less than one hundred eighty (180) days nor more

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than twelve (12) months following the end of the calendar year. An insurer that does not submit a

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request for reinsurance payment within the timely filing period shall not be eligible for reinsurance

15

payment

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     (4) The secretary will calculate the total reinsurance payment owed to each insurer within

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ninety (90) days of the date all insurer requests for payment are due to the secretary.

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     (5) The secretary may establish such program elements as it deems appropriate to ensure

19

equitable distribution of the fund, including attachment points, coinsurance rates, and/or

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coinsurance caps which may be applied in aggregate or per covered drug. Such program elements

21

may be adjusted no more frequently than annually with the input of the rare diseases advisory

22

council.

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     (6) In no event shall the reinsurance payment to an insurer exceed the total amount paid by

24

the insurer for a covered drug after rebates.

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     (b) Insurers shall provide the secretary with data prescribed by the secretary in rules and

26

regulations as necessary in order to substantiate a claim for reinsurance payment from the fund in

27

a time and manner determined by the secretary.

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     (c) Any balance remaining in the fund after such reinsurance payments shall be applied to

29

claims in subsequent years as described in this section. In no event shall all reinsurance payments

30

in a calendar year to all insurers exceed the amount collected pursuant to § 23-97-6 plus any funds

31

remaining from prior years.

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     SECTION 2. Section 35-4-27 of the General Laws in Chapter 35-4 entitled "State Funds"

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is hereby amended to read as follows:

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     35-4-27. Indirect cost recoveries on restricted receipt accounts.

 

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     Indirect cost recoveries of ten percent (10%) of cash receipts shall be transferred from all

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restricted-receipt accounts, to be recorded as general revenues in the general fund. However, there

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shall be no transfer from cash receipts with restrictions received exclusively: (1) From contributions

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from nonprofit charitable organizations; (2) From the assessment of indirect cost-recovery rates on

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federal grant funds; or (3) Through transfers from state agencies to the department of administration

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for the payment of debt service. These indirect cost recoveries shall be applied to all accounts,

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unless prohibited by federal law or regulation, court order, or court settlement. The following

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restricted receipt accounts shall not be subject to the provisions of this section:

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     Executive Office of Health and Human Services

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     Rare Disease Medication Reinsurance Fund

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     Organ Transplant Fund

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     HIV Care Grant Drug Rebates

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     Health System Transformation Project

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     Department of Human Services

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     Veterans' home -- Restricted account

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     Veterans' home -- Resident benefits

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     Pharmaceutical Rebates Account

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     Demand Side Management Grants

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     Veteran's Cemetery Memorial Fund

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     Donations -- New Veterans' Home Construction

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     Department of Health

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     Pandemic medications and equipment account

23

     Miscellaneous Donations/Grants from Non-Profits

24

     State Loan Repayment Match

25

     Healthcare Information Technology

26

     Department of Behavioral Healthcare, Developmental Disabilities and Hospitals

27

     Eleanor Slater non-Medicaid third-party payor account

28

     Hospital Medicare Part D Receipts

29

     RICLAS Group Home Operations

30

     Commission on the Deaf and Hard of Hearing

31

     Emergency and public communication access account

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     Department of Environmental Management

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     National heritage revolving fund

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     Environmental response fund II

 

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     Underground storage tanks registration fees

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     De Coppet Estate Fund

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     Rhode Island Historical Preservation and Heritage Commission

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     Historic preservation revolving loan fund

5

     Historic Preservation loan fund -- Interest revenue

6

     Department of Public Safety

7

     E-911 Uniform Emergency Telephone System

8

     Forfeited property -- Retained

9

     Forfeitures -- Federal

10

     Forfeited property -- Gambling

11

     Donation -- Polygraph and Law Enforcement Training

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     Rhode Island State Firefighter's League Training Account

13

     Fire Academy Training Fees Account

14

     Attorney General

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     Forfeiture of property

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     Federal forfeitures

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     Attorney General multi-state account

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     Forfeited property -- Gambling

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     Department of Administration

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     OER Reconciliation Funding

21

     Health Insurance Market Integrity Fund

22

     RI Health Benefits Exchange

23

     Information Technology Investment Fund

24

     Restore and replacement -- Insurance coverage

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     Convention Center Authority rental payments

26

     Investment Receipts -- TANS

27

     OPEB System Restricted Receipt Account

28

     Car Rental Tax/Surcharge-Warwick Share

29

     Grants Management Administration

30

     Executive Office of Commerce

31

     Housing Resources Commission Restricted Account

32

     Housing Production Fund

33

     Department of Revenue

34

     DMV Modernization Project

 

LC004216 - Page 12 of 15

1

     Jobs Tax Credit Redemption Fund

2

     Legislature

3

     Audit of federal assisted programs

4

     Department of Children, Youth and Families

5

     Children's Trust Accounts -- SSI

6

     Military Staff

7

     RI Military Family Relief Fund

8

     RI National Guard Counterdrug Program

9

     Treasury

10

     Admin. Expenses -- State Retirement System

11

     Retirement -- Treasury Investment Options

12

     Defined Contribution -- Administration - RR

13

     Violent Crimes Compensation -- Refunds

14

     Treasury Research Fellowship

15

     Business Regulation

16

     Banking Division Reimbursement Account

17

     Office of the Health Insurance Commissioner Reimbursement Account

18

     Securities Division Reimbursement Account

19

     Commercial Licensing and Racing and Athletics Division Reimbursement Account

20

     Insurance Division Reimbursement Account

21

     Historic Preservation Tax Credit Account

22

     Judiciary

23

     Arbitration Fund Restricted Receipt Account

24

     Third-Party Grants

25

     RI Judiciary Technology Surcharge Account

26

     Department of Elementary and Secondary Education

27

     Statewide Student Transportation Services Account

28

     School for the Deaf Fee-for-Service Account

29

     School for the Deaf -- School Breakfast and Lunch Program

30

     Davies Career and Technical School Local Education Aid Account

31

     Davies -- National School Breakfast & Lunch Program

32

     School Construction Services

33

     Office of the Postsecondary Commissioner

34

     Higher Education and Industry Center

 

LC004216 - Page 13 of 15

1

     Department of Labor and Training

2

     Job Development Fund

3

     Rhode Island Council on the Arts

4

     Governors' Portrait Donation Fund

5

     Statewide records management system account

6

     SECTION 3. This act shall take effect upon passage.

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LC004216

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LC004216 - Page 14 of 15

EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO HEALTH AND SAFETY -- ESTABLISHING THE RHODE ISLAND RARE

DISEASE MEDICATION ACCESSIBILITY, AFFORDABILITY, AND REINSURANCE ACT

***

1

     This act would provide for establishment of the rare disease medication reinsurance

2

program to be funded by insurer contributions. The program would be administered by the secretary

3

of health and human services based on recommendations from a fifteen (15) member advisory

4

council.

5

     This act would take effect upon passage.

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LC004216

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LC004216 - Page 15 of 15