Text: SF110            Text: SF112
Complete Bill History


Senate File 111

SENATE FILE BY SEYMOUR, NOBLE, MULDER, WARD, WIECK, McKINLEY, ANGELO, McKIBBEN, JOHNSON, LUNDBY, HOUSER, HAHN, and HATCH Passed Senate, Date Passed House, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act providing for online prescription drug retail price 2 comparison. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 1800XS 82 5 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 == INTERNET SITE. 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 participating pharmacies under this section. Participation by 1 19 a pharmacy shall be voluntary. The information provided shall 1 20 be organized in a format that is conducive to review and 1 21 comparison by consumers and which allows consumers to search 1 22 by locality and by both brand name and generic name. 1 23 2. The board shall prepare the prescription drug retail 1 24 price disclosure list on an annual basis. The list shall be a 1 25 compilation of the twenty=five most frequently dispensed drugs 1 26 together with their usual dosages. The list shall be 1 27 available to all participating pharmacies in both printed and 1 28 electronic formats. 1 29 3. A participating pharmacy shall compile a prescription 1 30 drug retail price disclosure list which shall contain the 1 31 prescription drugs on the list provided by the board and the 1 32 pharmacy's corresponding current usual and customary retail 1 33 prices for all of the prescription drugs. A participating 1 34 pharmacy shall update its prescription drug retail price 1 35 disclosure list at least once every three months, and shall 2 1 provide the list to any person upon request. The pharmacy 2 2 shall also report the information included on the list to the 2 3 office of the attorney general every three months in a form 2 4 and manner established by the office of the attorney general. 2 5 EXPLANATION 2 6 This bill provides for the creation, by the office of the 2 7 attorney general, of a prescription drug retail price 2 8 comparison internet site accessible by the general public to 2 9 educate consumers about the prices of prescription drugs. The 2 10 retail price information provided on the website is to include 2 11 information collected from voluntarily participating 2 12 pharmacies that complete prescription drug retail price 2 13 disclosure lists. The information provided is to be organized 2 14 so that it is conducive to review and comparison by consumers 2 15 and allows consumers to search by locality and by both brand 2 16 name and generic name. 2 17 The bill directs the board of pharmacy examiners to prepare 2 18 a prescription drug retail price disclosure list on an annual 2 19 basis. The list is to be a compilation of the 25 most 2 20 frequently dispensed drugs together with their usual dosages. 2 21 The list is to be available to all participating pharmacies in 2 22 both printed and electronic formats. The bill requires a 2 23 participating pharmacy to compile a prescription drug retail 2 24 price disclosure list, containing the prescription drugs on 2 25 the list provided by the board and the pharmacy's 2 26 corresponding current usual and customary retail prices for 2 27 all of the prescription drugs. 2 28 The bill requires a participating pharmacy to update its 2 29 price disclosure list at least once every three months, and to 2 30 provide the list to any person upon request. The pharmacy is 2 31 also required to report to the office of the attorney general 2 32 the information included on the list every three months in a 2 33 form and manner established by the office of the attorney 2 34 general. 2 35 LSB 1800XS 82 3 1 pf:nh/je/5.1
Text: SF110            Text: SF112 Complete Bill History