Be the first to like.

Share

Drugmakers are waging a fierce campaign against a proposed California law that would require them to justify the costs of their treatments and disclose major price hikes.

The bill has widespread support of health care providers, insurers, patients, labor and business groups. But the pharmaceutical industry is behind scathing social media messaging, warning that passage of the bill could lead to shortages of crucial drugs in some parts of the state. The industry is also applying other pressure to change the language of the bill.

A state Assembly committee hearing on the bill is scheduled for next Tuesday.

The legislation would require drug manufacturers to notify state agencies and health insurers within days of federal approval of a new drug that costs $10,000 or more per year or for one course of treatment. They would also be required to provide notice before they increased the price of a drug above certain thresholds, and they would have to justify the prices in both scenarios. The law would also require health insurers to disclose how much they spend on prescription drugs.

… Read More

 

Be the first to like.

Share
KHN

Tags: , , , , , , , ,

Leave a Reply