Drug Transparency Bills: ‘First Step’ In Right Direction Or ‘Feel Good Legislation’?
Experts weigh in on the bills moving through the legislature.
Can Transparency Drive Down Drug Prices?
Two bills moving through the state legislature would require more transparency around prescription drug costs. One bill, SB 1010, would obligate drug manufacturers to notify health plans if they were going to increase the wholesale cost of a drug by at least 10 percent during any 12-month period and justify those increases. Another bill, AB 2463, would require insurance plans to inform consumers how much they will pay for a drug and how much their health plan paid for the drug. (Plevin, 4/20)