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Prescription Drug Price Transparency Bill Moves Closer to Law

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State of Reform writes of several pieces of health policy legislation in Virginia which are moving closer to becoming law Tuesday when the Finance and Appropriations Subcommittee voted in favor of reporting them on.

Of the three bills, HB 2007, known as the Prescription Drug Price Transparency bill which passed through the subcommittee,  would direct the Department of Health to enter into a contract with a nonprofit, likely Virginia Health Information, to collect and share prescription drug pricing from every carrier, pharmacy benefits manager and drug manufacturer. The idea is to provide prescription price relief to consumers.

All three bills have passed the House of Delegates and have been referred on through other various Senate subcommittees.

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