West Virginia HB5553 allows the Public Employees Insurance Agency and the Department of Human Services to participate in federal prescription drug.

West Virginia HB5553 permits the Public Employees Insurance Agency and the Department of Human Services to participate in federal prescription drug pricing programs. Participation may include direct purchasing agreements, federally negotiated pricing arrangements, and federal benchmarks or ceiling prices. Participation is voluntary and only if it benefits the state financially and maintains access to necessary drugs. The bill also mandates annual reporting on participation, cost savings, and any access or administrative issues.

West Virginia HB5553 allows the Public Employees Insurance Agency and the Department of Human Services to participate in federal prescription drug.

West Virginia HB5553 permits the Public Employees Insurance Agency and the Department of Human Services to participate in federal prescription drug pricing programs. Participation may include direct purchasing agreements, federally negotiated pricing arrangements, and federal benchmarks or ceiling prices. Participation is voluntary and only if it benefits the state financially and maintains access to necessary drugs. The bill also mandates annual reporting on participation, cost savings, and any access or administrative issues.