Establishes a Prescription Drug Affordability Board to set maximum prices for prescription drugs in Louisiana.
The bill creates the Prescription Drug Affordability Board within the Louisiana Department of Insurance. The Board will develop a list of critical prescription drugs based on factors like cost to public healthcare programs and current state cost. Manufacturers of drugs on this list must report production, research and development, and marketing costs. The Board will also require marketing materials to healthcare providers to include price information.
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