Senate File 111 - Introduced
SENATE FILE
BY SEYMOUR, NOBLE, MULDER, WARD,
WIECK, McKINLEY, ANGELO, McKIBBEN,
JOHNSON, LUNDBY, HOUSER, HAHN,
and HATCH
Passed Senate, Date Passed House, Date
Vote: Ayes Nays Vote: Ayes Nays
Approved
A BILL FOR
1 An Act providing for online prescription drug retail price
2 comparison.
3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
4 TLSB 1800XS 82
5 pf/je/5
PAG LIN
1 1 Section 1. Section 155A.3, Code 2007, is amended by adding
1 2 the following new subsection:
1 3 NEW SUBSECTION. 7A. "Current usual and customary retail
1 4 price" means the actual price that a pharmacy charges a retail
1 5 purchaser without prescription drug coverage for a
1 6 prescription drug at the listed dosage, and does not include
1 7 discounts, special promotions, or other programs initiated to
1 8 reduce prices for product costs available to the general
1 9 public or to a special population.
1 10 Sec. 2. NEW SECTION. 155A.42 PRESCRIPTION DRUG RETAIL
1 11 PRICE COMPARISON == INTERNET SITE.
1 12 1. The office of the attorney general shall create and
1 13 operate a prescription drug retail price comparison internet
1 14 site accessible by the general public to educate consumers
1 15 about the retail prices of prescription drugs. The retail
1 16 price information provided shall include information from the
1 17 prescription drug retail price disclosure lists reported by
1 18 participating pharmacies under this section. Participation by
1 19 a pharmacy shall be voluntary. The information provided shall
1 20 be organized in a format that is conducive to review and
1 21 comparison by consumers and which allows consumers to search
1 22 by locality and by both brand name and generic name.
1 23 2. The board shall prepare the prescription drug retail
1 24 price disclosure list on an annual basis. The list shall be a
1 25 compilation of the twenty=five most frequently dispensed drugs
1 26 together with their usual dosages. The list shall be
1 27 available to all participating pharmacies in both printed and
1 28 electronic formats.
1 29 3. A participating pharmacy shall compile a prescription
1 30 drug retail price disclosure list which shall contain the
1 31 prescription drugs on the list provided by the board and the
1 32 pharmacy's corresponding current usual and customary retail
1 33 prices for all of the prescription drugs. A participating
1 34 pharmacy shall update its prescription drug retail price
1 35 disclosure list at least once every three months, and shall
2 1 provide the list to any person upon request. The pharmacy
2 2 shall also report the information included on the list to the
2 3 office of the attorney general every three months in a form
2 4 and manner established by the office of the attorney general.
2 5 EXPLANATION
2 6 This bill provides for the creation, by the office of the
2 7 attorney general, of a prescription drug retail price
2 8 comparison internet site accessible by the general public to
2 9 educate consumers about the prices of prescription drugs. The
2 10 retail price information provided on the website is to include
2 11 information collected from voluntarily participating
2 12 pharmacies that complete prescription drug retail price
2 13 disclosure lists. The information provided is to be organized
2 14 so that it is conducive to review and comparison by consumers
2 15 and allows consumers to search by locality and by both brand
2 16 name and generic name.
2 17 The bill directs the board of pharmacy examiners to prepare
2 18 a prescription drug retail price disclosure list on an annual
2 19 basis. The list is to be a compilation of the 25 most
2 20 frequently dispensed drugs together with their usual dosages.
2 21 The list is to be available to all participating pharmacies in
2 22 both printed and electronic formats. The bill requires a
2 23 participating pharmacy to compile a prescription drug retail
2 24 price disclosure list, containing the prescription drugs on
2 25 the list provided by the board and the pharmacy's
2 26 corresponding current usual and customary retail prices for
2 27 all of the prescription drugs.
2 28 The bill requires a participating pharmacy to update its
2 29 price disclosure list at least once every three months, and to
2 30 provide the list to any person upon request. The pharmacy is
2 31 also required to report to the office of the attorney general
2 32 the information included on the list every three months in a
2 33 form and manner established by the office of the attorney
2 34 general.
2 35 LSB 1800XS 82
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