Florida S1158 aims to regulate drug prices and coverage by establishing international reference pricing.

Florida S1158 creates a framework for regulating drug prices and coverage through international reference pricing. It mandates the Agency for Health Care Administration to contract with an entity to designate reference price source countries and analyze international drug price data. Health insurers must limit reimbursement for covered prescription drugs to reference prices, using savings to reduce policyholder premiums and cost-sharing.

Florida S1158 aims to regulate drug prices and coverage by establishing international reference pricing.

Florida S1158 creates a framework for regulating drug prices and coverage through international reference pricing. It mandates the Agency for Health Care Administration to contract with an entity to designate reference price source countries and analyze international drug price data. Health insurers must limit reimbursement for covered prescription drugs to reference prices, using savings to reduce policyholder premiums and cost-sharing.