SB 134-PHARMACY BENEFITS MANAGER;3RD PARTY ADMIN                                                                    
                                                                                                                                
4:13:14 PM                                                                                                                    
CHAIR   DUNBAR  reconvened   the   meeting   and  announced   the                                                               
consideration  of  SENATE  BILL  NO.  134  "An  Act  relating  to                                                               
pharmacy    benefits    managers;   relating    to    third-party                                                               
administrators; and providing for an effective date."                                                                           
                                                                                                                                
4:13:32 PM                                                                                                                    
CHAIR DUNBAR opened public testimony on SB 134.                                                                                 
                                                                                                                                
4:13:59 PM                                                                                                                    
BRANDY   SEIGNEMARTIN,   Executive  Director,   Alaska   Pharmacy                                                               
Association,  Eagle River,  Alaska,  testified in  support of  SB                                                               
134.  She stated  that licensing  pharmacy  benefit managers  and                                                               
third-party administrators  is a necessary, common-sense  step to                                                               
give the  Division of Insurance proper  oversight and enforcement                                                               
authority.  While recent  legislation  improved transparency  and                                                               
accountability, licensure  is needed to ensure  compliance, align                                                               
with standard practice.                                                                                                         
                                                                                                                                
4:15:11 PM                                                                                                                    
CHAIR DUNBAR closed public testimony on SB 134.                                                                                 
                                                                                                                                
4:15:15 PM                                                                                                                    
CHAIR DUNBAR held SB 134 in committee.