Photo courtesy of Alexius Horatius
BOSTON (AP) – A bill aimed at addressing the increasing costs of prescription drugs is scheduled to come up for a vote in the Massachusetts Senate this week.
The legislation would establish a process for identifying drug price thresholds that pose a public health risk and recommending pricing measures to increase patient access to medications. Drug manufacturers that fail to comply would be required to pay into a trust fund for a new drug cost assistance program to support patients.
The legislation would also limit out-of-pocket spending on insulin by eliminating deductibles and coinsurance, and capping co-pays at $25 per 30-day supply.
From The Associated Press
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