Bill > HB154

This bill, the Prescription Drug Affordability Act, establishes the Prescription Drug Affordability Board and the Prescription Drug Affordability Stakeholder Council to protect state residents, governments, commercial health plans, providers, and other stakeholders from high prescription drug costs. The bill allows the Board to identify and review certain high-cost drug products, and to establish upper payment limits on purchases and reimbursements of those drugs in the state. The bill also creates the Prescription Drug Affordability Fund, which will be funded by assessments on drug manufacturers and distributors, to provide funding for the Board's operations. The bill requires annual reporting to the legislature on prescription drug price trends and the Board's activities.

Government Affairs, Health and Social Services

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=154&year=21