Computer and Tech

California passes prescription drug pricing transparency bill

State legislators have handed a invoice aimed toward creating higher transparency round prescription drug pricing by requiring pharmaceutical producers to offer advance discover and extra detailed explanations for elevating the worth of a drug.

The invoice, co-authored by Assemblyman David Chiu (D-San Francisco) and Sen. Ed Hernandez (D-West Covina), was permitted by the Senate on Wednesday after clearing the Meeting earlier this week. The proposal now heads to Gov. Jerry Brown.

Below the laws, SB 17, drug firms must alert well being insurers not less than 60 days earlier than they plan to extend the worth of a drug if the rise is not less than 16 % over a two-year interval.

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