Plain English Breakdown
The official summary confirms the bill provides for an effective date, but the metadata section lists it as blank. The exact date is unknown based on provided materials.
HB931: Framework to Control Prescription Drug Costs
This bill establishes a framework in Georgia to control high prescription drug costs by creating the Prescription Drug Affordability Board.
What This Bill Does
- Establishes the Prescription Drug Affordability Board within state law.
- Sets rules for the board's membership, powers, duties, and meetings.
- Provides authority for assessments (fees) and penalties.
- Requires programs receiving certain funds to negotiate specialist rates.
- Mandates annual reports from the board.
Who It Names or Affects
- The new Prescription Drug Affordability Board
- Programs that receive specific state funds
Terms To Know
- Assessments
- Fees or charges the board is authorized to collect.
- Specialist rates
- Rates that certain programs must negotiate under this law.
Limits and Unknowns
- The official source does not list specific dollar amounts for fees or penalties.
- The effective date is mentioned as a provision but the actual date is not provided in the text.
- Specific details on how the board will choose which drugs to regulate are not included.