Text: HF505            Text: HF507
Complete Bill History


House File 506

HOUSE FILE BY FORD Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act providing for prescription drug retail price comparison. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 2791HH 82 4 pf/je/5 PAG LIN 1 1 Section 1. Section 155A.3, Code 2007, is amended by adding 1 2 the following new subsection: 1 3 NEW SUBSECTION. 7A. "Current usual and customary retail 1 4 price" means the actual price that a pharmacy charges a retail 1 5 purchaser without prescription drug coverage for a 1 6 prescription drug at the listed dosage, and does not include 1 7 discounts, special promotions, or other programs initiated to 1 8 reduce prices for product costs available to the general 1 9 public or to a special population. 1 10 Sec. 2. NEW SECTION. 155A.42 PRESCRIPTION DRUG RETAIL 1 11 PRICE COMPARISON. 1 12 1. The office of the attorney general shall create and 1 13 operate a prescription drug retail price comparison internet 1 14 site accessible by the general public to educate consumers 1 15 about the retail prices of prescription drugs. The retail 1 16 price information provided shall include information from the 1 17 prescription drug retail price disclosure lists reported by 1 18 pharmacies under this section. The information provided shall 1 19 be organized in a format that is conducive to review and 1 20 comparison by consumers and which allows consumers to search 1 21 by locality and by both brand name and generic name. 1 22 2. The board shall prepare the prescription drug retail 1 23 price disclosure list on an annual basis. The list shall be a 1 24 compilation of the twenty=five most frequently dispensed drugs 1 25 together with their usual dosages. The list shall be 1 26 available to all pharmacies in both printed and electronic 1 27 formats. 1 28 3. A pharmacy shall compile a prescription drug retail 1 29 price disclosure list which shall contain the prescription 1 30 drugs on the list provided by the board and the pharmacy's 1 31 corresponding current usual and customary retail prices for 1 32 all of the prescription drugs. A pharmacy shall update its 1 33 prescription drug retail price disclosure list at least once 1 34 every three months, and shall provide the list to any person 1 35 upon request. The pharmacy shall also report the information 2 1 included on the list to the office of the attorney general 2 2 every three months in a form and manner established by the 2 3 office of the attorney general. 2 4 EXPLANATION 2 5 This bill provides for the creation, by the office of the 2 6 attorney general, of a prescription drug retail price 2 7 comparison internet site accessible by the general public to 2 8 educate consumers about the prices of prescription drugs. The 2 9 retail price information provided on the website is to include 2 10 information collected from pharmacies that complete 2 11 prescription drug retail price disclosure lists. The 2 12 information provided is to be organized so that it is 2 13 conducive to review and comparison by consumers and allows 2 14 consumers to search by locality and by both brand name and 2 15 generic name. 2 16 The bill directs the board of pharmacy examiners to prepare 2 17 a prescription drug retail price disclosure list on an annual 2 18 basis. The list is to be a compilation of the 25 most 2 19 frequently dispensed drugs together with their usual dosages. 2 20 The list is to be available to all pharmacies in both printed 2 21 and electronic formats. The bill requires a pharmacy to 2 22 compile a prescription drug retail price disclosure list, 2 23 containing the prescription drugs on the list provided by the 2 24 board and the pharmacy's corresponding current usual and 2 25 customary retail prices for all of the prescription drugs. 2 26 The bill requires a pharmacy to update its price disclosure 2 27 list at least once every three months, and to provide the list 2 28 to any person upon request. The pharmacy is also required to 2 29 report to the office of the attorney general the information 2 30 included on the list every three months in a form and manner 2 31 established by the office of the attorney general. 2 32 LSB 2791HH 82 2 33 pf:nh/je/5
Text: HF505            Text: HF507 Complete Bill History