Bill > S695

This bill establishes a special commission to examine the prospect of creating a system for the bulk purchasing and distribution of pharmaceutical products with significant public health benefits and the potential for substantial healthcare cost savings. The commission will consist of 11 members, including representatives from various state agencies and healthcare organizations, as well as experts in the field. The commission will study and evaluate all aspects related to establishing such a system, hold public hearings, and provide a report with its analysis, recommendations, and any necessary legislative or regulatory changes to various legislative committees. The report will cover topics such as the potential processes for state-led bulk purchasing and distribution, funding sources, anticipated cost savings, and recommendations for how a bulk purchasing model could be effectively utilized to reduce pharmaceutical costs for the state, other governmental and non-governmental entities, and consumers.