An Act to ensure affordable prescription medications through accountability standards
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to make prescription medications more affordable in Massachusetts by establishing accountability standards for drug pricing. It seeks to address the high cost of medications and improve access to them for residents. The bill intends to promote transparency and potentially influence how pharmaceutical companies set prices. It is currently under review by the Financial Services committee.
Key provisions
- Establish accountability standards for prescription drug pricing.
- Promote transparency in drug pricing practices.
- Address the high cost of prescription medications.
- Improve access to affordable medications for Massachusetts residents.
- Requires the Department of Public Health to study and report on the impact of drug pricing on healthcare costs.
Who is affected
- Prescription medication users in Massachusetts
- Pharmaceutical companies
- Healthcare providers
- The Massachusetts Department of Public Health
Notable changes
- The bill focuses on establishing standards rather than directly regulating drug prices.
- It includes a provision for a study on the impact of drug pricing on healthcare costs.
Bill text
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Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
12 on record
Primary sponsor
Cosponsors
James J. O'Day
Arguments
Reasons offered for and against this legislation.
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