 | Fiscal Note1st Sub. H.B. 527 (Buff) 2026 General Session Pharmacy Pricing Amendments by Hall, Katy |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $(543,900) | $(90,700) | $(634,600) |
| Revenues | FY2026 | FY2027 | FY2028 |
| Total Revenues | $0 | $0 | $0 |
To the extent that an entity violates the provisions of this bill and pays the financial obligation, this could increase General Fund revenue by up to $2,500 per violation, per day.
| Expenditures | FY2026 | FY2027 | FY2028 |
| Other Financing Sources | $0 | $256,000 | $256,000 |
| Other Financing Sources, One-time | $42,700 | $0 | $0 |
| General Fund | $0 | $232,000 | $232,000 |
| General Fund, One-time | $38,700 | $0 | $0 |
| Income Tax Fund | $0 | $311,900 | $311,900 |
| Income Tax Fund, One-time | $52,000 | $0 | $0 |
| Total Expenditures | $133,400 | $799,900 | $799,900 |
The requirements for pharmacy benefit managers could increase expenditures for the state employee health plan by $133,400 one-time in FY 2026 and $799,900 ongoing beginning in FY 2027. Funding is allocated at follows: for FY 2026 $90,700 from General Fund/Income Tax Fund and $42,700 from other funding sources. For FY 2027 $634,900 from General Fund/Income Tax Fund and $256,000 from other funding sources.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $(133,400) | $(799,900) | $(799,900) |
Enactment of this legislation could impact local entities by an estimated $1.08 per member per month. For local entities covered by PEHP, this could result in an aggregate impact of $1,287,700 annually. The aggregate cost to entities covered by private insurers is unknown.
To the extent that an entity violates the provisions of this bill, this could cost certain offenders up to $2,500 per violation, per day. The aggregate cost is unknown.
Enactment of this legislation could result in a small increase in the regulatory burden for Utah residents or businesses.
This bill does not create a new program or significantly expand an existing program.