Plain English Breakdown
The exact details of how pharmacy benefits managers, wholesalers, and distributors will be involved in discounted drug pricing under the 340B program are not clearly specified in the provided text.
Discounted Drug Pricing Study
This bill requires the Agency for Health Care Administration to study discounted drug pricing under the 340B program and report its findings by January 31, 2027.
What This Bill Does
- Requires the Agency for Health Care Administration to conduct or contract a detailed fiscal impact study on discounted drug prices under the 340B Drug Pricing Program.
- The study will examine requirements for drug manufacturers to sell drugs at no more than the 340B price if they are on the Medicaid preferred drug list and covered by the 340B program.
- It also looks into how pharmacy benefits managers, wholesalers, and distributors could be involved in these lower prices under the 340B program.
- Requires the agency to provide its findings to the Governor, President of the Senate, and Speaker of the House by January 31, 2027.
Who It Names or Affects
- The Agency for Health Care Administration
- Drug manufacturers
- Medicaid pharmacies
- Pharmacy benefits managers
- Wholesalers and distributors
Terms To Know
- 340B Drug Pricing Program
- A federal program that allows certain organizations to buy drugs at discounted prices.
- Medicaid preferred drug list
- A list of drugs recommended for use by Medicaid patients because they are considered safe and effective.
Limits and Unknowns
- The bill does not specify what actions will be taken based on the study's results.
- It is unclear if this bill will become law since it died in Health Policy committee.