Ensures prescription drug cost transparency and affordability in Massachusetts.

The bill aims to ensure prescription drug cost transparency and affordability by requiring the Center for Health Information and Analysis to analyze data on drug utilization and spending. It mandates that pharmacy benefit managers obtain licenses and submit data to the center. The bill also requires health benefit plans and pharmacies to inform consumers about cost-sharing amounts and current retail prices of prescription drugs. Additionally, it establishes a process for the Health Policy Commission to review drug pricing and affordability.

Ensures prescription drug cost transparency and affordability in Massachusetts.

The bill aims to ensure prescription drug cost transparency and affordability by requiring the Center for Health Information and Analysis to analyze data on drug utilization and spending. It mandates that pharmacy benefit managers obtain licenses and submit data to the center. The bill also requires health benefit plans and pharmacies to inform consumers about cost-sharing amounts and current retail prices of prescription drugs. Additionally, it establishes a process for the Health Policy Commission to review drug pricing and affordability.