Be the first to like.

Share

California state Sen. Ed Hernandez (D-West Covina) said that he introduced the bill “with the intention of shedding light on the reasons precipitating skyrocketing drug prices.” But amendments by an Assembly committee last week make it difficult to accomplish this goal, he said in a statement.

“The goal was transparency, making sure drug companies played by the same rules as everyone else in the health care industry,” he said.

The original bill required that drug manufacturers notify state agencies and health insurers within 60 days of federal approval of a new drug with a price tag of $10,000 or more per year or for one course of treatment and provide information justifying those prices. It also required these companies to provide notice before they increased the price of a drug by more than 10 percent. It was approved by the Senate in June.

… Read More

Be the first to like.

Share
KHN

Tags: , , , , , , , , , , ,

Leave a Reply