SB 0003
Health: pharmaceuticals; prescription drug cost and affordability review act; create. Creates new act.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill creates the "Prescription Drug Cost and Affordability Review Act" to address the high cost of prescription drugs in Michigan. It establishes a Prescription Drug Affordability Board and a Stakeholder Council tasked with reviewing certain prescription drug products and recommending potential upper payment limits. The bill also aims to improve transparency in drug pricing and consider factors like manufacturer pricing strategies and patient access when making affordability assessments. It seeks to ensure that prescription drugs are more affordable for Michigan residents and healthcare systems.
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