Establishes the Prescription Drug Cost and Affordability Review Act to manage prescription drug costs in Michigan.

The Prescription Drug Cost and Affordability Review Act creates a board and council to review and manage prescription drug costs. The board, consisting of five members appointed by the governor, reviews prescription drug costs and can set upper payment limits for drugs that pose affordability challenges. The council, with 21 members appointed by the governor, includes representatives from various sectors such as manufacturers, healthcare providers, and patient advocates. The act also establishes a Prescription Drug Affordability Fund to support the board's activities.

Establishes the Prescription Drug Cost and Affordability Review Act to manage prescription drug costs in Michigan.

The Prescription Drug Cost and Affordability Review Act creates a board and council to review and manage prescription drug costs. The board, consisting of five members appointed by the governor, reviews prescription drug costs and can set upper payment limits for drugs that pose affordability challenges. The council, with 21 members appointed by the governor, includes representatives from various sectors such as manufacturers, healthcare providers, and patient advocates. The act also establishes a Prescription Drug Affordability Fund to support the board's activities.