Wednesday, February 23, 2022

Price..

 


House Republican lawmakers championed the measures when introduced in 2021. The bills received almost unanimous support in both legislative chambers.

The three bill's signed Wednesday establish new rules for contracts between pharmacies and pharmacy benefit managers. These contracts cannot include provisions that would prevent a pharmacist from disclosing if a different medication, like a generic, would be cheaper for a customer. 

Patients can't be forced to pay a co-pay that's more expensive than the medication received under changes in the bills. The legislation also requires benefit managers to be licensed with the state and to submit annual "transparency reports." Benefit managers are barred from using spread pricing, a tactic smaller pharmacies typically oppose that allows managers to recoup additional fees.

Whitmer signs bills into Michigan law to cut prescription costs, increase accountability.  Can Biden's administration do this for poor people.
Just a thought.

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