Bill > S0199

This bill establishes the Vermont Prescription Drug Discount Card Program, which will be managed by the Office of the State Treasurer. The program aims to lower prescription drug costs for Vermont residents by pooling purchasing power with other U.S. states, territories, and non-governmental organizations. This pooling allows for negotiating discounts with drug manufacturers, centralizing purchasing, and establishing "volume discount contracting," which means buying large quantities of a drug at a lower price. The Treasurer can charge fees to cover program costs and must report annually on the program's participation and savings. A dedicated fund, the Vermont Prescription Drug Discount Card Program Fund, will be created to support the program, receiving money from appropriations, federal or state sources, fees, and donations. The State Treasurer will also report on the program's implementation by January 15, 2027, and $50,000 is appropriated for its development and implementation, with the act taking effect on July 1, 2026.

Health and Social Services

https://legislature.vermont.gov/bill/status/2026/S.199