Establishes the West Virginia Prescription Drug Affordability Board to set upper payment limits on prescription drug products with affordability.

The bill establishes the West Virginia Prescription Drug Affordability Board to address high costs of prescription drugs in the state. The Board will set upper payment limits on prescription drug products that create affordability challenges. The Board will consider factors such as the wholesale acquisition cost, average monetary price, and other relevant costs. The Board will also monitor the availability of prescription drugs and reconsider or suspend upper payment limits if there is a shortage.

Establishes the West Virginia Prescription Drug Affordability Board to set upper payment limits on prescription drug products with affordability.

The bill establishes the West Virginia Prescription Drug Affordability Board to address high costs of prescription drugs in the state. The Board will set upper payment limits on prescription drug products that create affordability challenges. The Board will consider factors such as the wholesale acquisition cost, average monetary price, and other relevant costs. The Board will also monitor the availability of prescription drugs and reconsider or suspend upper payment limits if there is a shortage.