MI SB0483

Bill

MI SB0483

Health: pharmaceuticals; prescription drug cost and affordability review act; create. Creates new act.

Introduced
09/12/2023

In Committee
10/04/2023

Crossed Over
10/04/2023

Passed

Dead
12/31/2024

Introduced Session

102nd Legislature

Bill Summary

A bill to provide for a cost and affordability review of certain prescription drug products; to create the prescription drug pricing board and prescription drug affordability stakeholder council and to prescribe their powers and duties; to provide for the powers and duties of certain state governmental officers and entities; to establish upper payment limits for certain prescription drug products and provide remedies; and to provide for the promulgation of rules.

AI Summary

This bill creates the Prescription Drug Cost and Affordability Review Act, which establishes a Prescription Drug Affordability Board and Stakeholder Council to review the costs and affordability of certain prescription drug products. The Board can set upper payment limits for drugs that are determined to lead to affordability challenges or high out-of-pocket costs for patients. The bill also creates a Prescription Drug Affordability Fund to fund the Board and the Department's implementation of the Act. The bill requires the Board to submit an annual report to the legislature on price trends and review activities, as well as conduct a one-time study on generic drug prices and their impact.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (18)

Darrin Camilleri (D)*, Sarah Anthony (D), Rosemary Bayer (D), Winnie Brinks (D), Mary Cavanagh (D), Stephanie Chang (D), John Cherry (D), Erika Geiss (D), Jeff Irwin (D), Veronica Klinefelt (D), Kristen McDonald Rivet (D), Mallory McMorrow (D), Jeremy Moss (D), Dayna Polehanki (D), Sylvia Santana (D), Sue Shink (D), Sam Singh (D), Paul Wojno (D),

Last Action

Referred To Committee On Insurance And Financial Services (on 10/04/2023)

Official Document

http://legislature.mi.gov/doc.aspx?2023-SB-0483

Version:

Document Type	Source Location
State Bill Page	http://legislature.mi.gov/doc.aspx?2023-SB-0483
Fiscal Note/Analysis - SUMMARY AS PASSED BY THE SENATE	http://www.legislature.mi.gov/documents/2023-2024/billanalysis/Senate/pdf/2023-SFA-0483-C.pdf
BillText	http://www.legislature.mi.gov/documents/2023-2024/billengrossed/Senate/htm/2023-SEBS-0483.htm
Senate Substitute (S-1)	http://www.legislature.mi.gov/mileg.aspx?page=CurrentVersionAmendment&cvFileName=2023-SCVBS-0483-00D47.pdf
Senate Substitute (S-1)	http://www.legislature.mi.gov/mileg.aspx?page=CurrentVersionAmendment&cvFileName=2023-SCVBS-0483-00B74.pdf
Fiscal Note/Analysis - SUMMARY OF BILL REPORTED FROM COMMITTEE	http://www.legislature.mi.gov/documents/2023-2024/billanalysis/Senate/pdf/2023-SFA-0483-F.pdf
Fiscal Note/Analysis - SUMMARY OF INTRODUCED BILL IN COMMITTEE	http://www.legislature.mi.gov/documents/2023-2024/billanalysis/Senate/pdf/2023-SFA-0483-G.pdf
BillText	http://www.legislature.mi.gov/documents/2023-2024/billintroduced/Senate/htm/2023-SIB-0483.htm

Bill > SB0483

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (18)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary