News Headlines Article

Can transparency drive down drug prices?
Southern California Public Radio

Two bills moving through the state legislature would require more transparency around prescription drug costs.

One bill, SB 1010, would obligate drug manufacturers to notify health plans if they were going to increase the wholesale cost of a drug by at least 10 percent during any 12-month period and justify those increases.

Another bill, AB 2463, would require insurance plans to inform consumers how much they will pay for a drug and how much their health plan paid for the drug.