Establishes a Prescription Drug Affordability Board to identify and review high-cost prescription drugs in Iowa.

The bill creates a Prescription Drug Affordability Board to address high prescription drug costs in Iowa. The board will identify certain prescription drugs that may create affordability challenges. It will review these drugs based on factors like wholesale acquisition cost, patient cost-sharing, and market competition. If the board finds a drug leads to affordability challenges, it must submit a report to the general assembly with recommendations. The board will also submit annual reports on prescription drug trends and the generic drug market.

Establishes a Prescription Drug Affordability Board to identify and review high-cost prescription drugs in Iowa.

The bill creates a Prescription Drug Affordability Board to address high prescription drug costs in Iowa. The board will identify certain prescription drugs that may create affordability challenges. It will review these drugs based on factors like wholesale acquisition cost, patient cost-sharing, and market competition. If the board finds a drug leads to affordability challenges, it must submit a report to the general assembly with recommendations. The board will also submit annual reports on prescription drug trends and the generic drug market.