Ohio HB940 protects consumers from excessive costs during prescription drug shortages.

Ohio HB940, known as the Medical Shortage Protection Act, aims to protect consumers from excessive costs during prescription drug shortages. The act prohibits health plan issuers and suppliers from charging more than 10% above the previous rate for prescription drugs, devices, or supplies during a shortage. It defines a shortage as either an invocation of the Defense Production Act or a state of emergency declaration by the governor. Violators face civil actions, fines, and potential imprisonment.

Ohio HB940 protects consumers from excessive costs during prescription drug shortages.

Ohio HB940, known as the Medical Shortage Protection Act, aims to protect consumers from excessive costs during prescription drug shortages. The act prohibits health plan issuers and suppliers from charging more than 10% above the previous rate for prescription drugs, devices, or supplies during a shortage. It defines a shortage as either an invocation of the Defense Production Act or a state of emergency declaration by the governor. Violators face civil actions, fines, and potential imprisonment.