Section 338.550

Title XXII OCCUPATIONS AND PROFESSIONS

Chapter 338

Effective - 19 Jun 2002, 13 histories, see footnote   (history) 

  338.550.  Annual health care cost impact study required, submission, contents — exemption from tax, when — expiration date. — 1. The pharmacy tax required by sections 338.500 to 338.550 shall be the subject of an annual health care cost impact study commissioned by the department of insurance to be completed prior to or on January 1, 2003, and each year the tax is in effect. The report shall be submitted to the speaker of the house, president pro tem of the senate, and the governor. This study shall employ an independent economist and an independent actuary paid for by the state's department of social services. The department shall seek the advice and input from the department of social services, business health care purchasers, as well as health care insurers in the selection of the economist and actuary. This study shall assess the degree of health care costs shifted to individual Missourians and individual and group health plans resulting from this tax.

  2. The provisions of sections 338.500 to 338.550 shall not apply to pharmacies domiciled or headquartered outside this state which are engaged in prescription drug sales that are delivered directly to patients within this state via common carrier, mail or a carrier service.

  3. Sections 338.500 to 338.550 shall expire on June 30, 2003.

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(L. 2002 S.B. 1248)

Effective 6-19-02

Expires 6-30-03