HB 5149
Establishing the West Virginia Prescription Drug Affordability Board
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes the West Virginia Prescription Drug Affordability Board to address high prescription drug costs for residents, state governments, and health plans. The board will create a stakeholder council, conduct studies on drug pricing transparency, and review drugs with affordability challenges. It also establishes a funding source, outlines enforcement procedures, and defines eligible drug products, aiming to improve access to affordable medications in West Virginia.
Key provisions
- Creates the West Virginia Prescription Drug Affordability Board with specific members and responsibilities.
- Establishes a Prescription Drug Affordability Stakeholder Council to provide input to the board.
- Requires the board to study prescription drug pricing and conduct cost reviews of potentially unaffordable drugs.
- Creates a fund to support the board's activities.
- Mandates disclosures of conflicts of interest for board members and staff.
- Requires the board to collect and analyze data on prescription drug prices.
- Establishes remedies for individuals aggrieved by the board's decisions.
- Requires the board to report its findings and recommendations to the Legislative Oversight Commission on Health and Human Resources Accountability.
Who is affected
- West Virginia Residents
- State and Local Governments
- Commercial Health Plans
- Healthcare Providers
- Pharmacies
Notable changes
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