Bill

Bill > H1278


MA H1278

Relative to prescription drug price transparency


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

By Mr. Jones of North Reading, a petition of Bradley H. Jones, Jr., and others that the Health Policy Commission and health insurers create listings of certain high cost prescription drugs and that the Attorney General require drug manufacturers to provide information to justify increases in costs. Health Care Financing.

AI Summary

This bill aims to increase prescription drug price transparency in Massachusetts. It requires the Health Policy Commission and health insurers to annually create lists of the top 10 prescription drugs with significant cost increases over the past 5 years or previous year. The Attorney General will then identify up to 15 of these drugs that saw the greatest spending across payers and require the manufacturers to justify the cost increases. The Attorney General will then report this information to the legislature annually. The bill also authorizes the Health Policy Commission to establish penalties for non-compliance with these requirements.

Committee Categories

Health and Social Services

Sponsors (8)

Last Action

Accompanied S771 (on 11/17/2021)

bill text


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