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Home›Prescription drugs›bill seeks to tackle high cost of prescription drugs | News

bill seeks to tackle high cost of prescription drugs | News

By Deborah A. Gray
February 6, 2022
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BOSTON (AP) — A bill to combat rising prescription drug costs is set to go to a vote in the Massachusetts Senate this week.

The legislation would establish a process to identify price thresholds for drugs that pose a risk to public health and recommend pricing measures to increase patient access to needed drugs.

Drugmakers who fail to comply with the process would be required to pay fees into a trust fund for a new drug cost assistance program to support patients with certain chronic conditions that disproportionately harm communities. of color and low-income communities.

The legislation would also limit out-of-pocket spending on insulin by eliminating deductibles and coinsurance, and permanently capping copayments at $25 per 30-day supply. Twenty-one other states already cap user fees for insulin.

The bill would also take steps to provide patients with better access to mail-order prescriptions and to ensure that patients can obtain their prescription drugs from the pharmacy of their choice by allowing independent pharmacists to obtain a license to dispensing specialty drugs and contracting with insurance plans to provide specialty drugs. to the sick.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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