Reduce Prescription Drug Costs by Using International Pricing
| Category: | Pharmacy Related |
|---|---|
| Status: | Passed |
| Sponsor: | Senator Ned Claxton, Senate 20 - Androscoggin County |
| Session: | 130 |
| Bill #: | LD 1636 |
Position:
Monitoring.
UPDATE: The committee amended the bill to a list of 100 widely used drugs and directs the MHDO to monitor. Received unanimous support of the committee.
UPDATE: Approved for carry over on 6/4/21
Summary:
Senator Claxton of Androscoggin would require the Superintendent of Insurance to create a list of 250 referenced drugs that are subject to a referenced rate. The referenced rate must be calculated as the lowest cost from official publications of certain Canadian provincial government agencies and the wholesale acquisition cost. A state entity, health plan or participating plan qualified under the federal ERISA of 1974 must purchase referenced drugs to be dispensed or delivered to a consumer of this State at a cost equal to or lower than the referenced rate.