Legislation - SB0388

Title: Prescription Drug Affordability Board - Authority for Upper Payment Limits and Funding (Lowering Prescription Drug Costs for All Marylanders Act of 2024)
Sponsored by: Senators Gile, Feldman, Beidle, Ellis, Guzzone, Hester, Hettleman, Jackson, Klausmeier, Kramer, and Lam
Status: In the Senate - Hearing 2/07 at 2:00 p.m. (Finance)
Analysis: Fiscal and Policy Note

Synopsis

Requiring the Governor in fiscal year 2025 and each fiscal year thereafter to include in the annual budget bill an appropriation of at least $1,000,000 for the Prescription Drug Affordability Fund which provides funding for the Board; and requiring the Board, under certain circumstances, to establish a process for setting upper payment limits for all purchases and payor reimbursements of prescription drug products in the State that the Board determines have led or will lead to affordability challenges.

Committees

Original:: Finance Click to view Recorded Media; Budget and Taxation

Committee Testimony

Witness List

Details

Cross-filed with: HB0340

Bill File Type: Regular

Effective Date(s): October 1, 2024

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber Senate Calendar Date 1/18/2024 Legislative Date 1/18/2024 Action First Reading Finance and Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Prescription Drug Affordability Board - Authority for Upper Payment Limits and Funding (Lowering Prescription Drug Costs for All Marylanders Act of 2024) Proceedings
Chamber Senate Calendar Date 1/24/2024 Legislative Date 1/24/2024 Action Hearing 2/07 at 2:00 p.m. (Finance) Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/18/2024	1/18/2024	First Reading Finance and Budget and Taxation
			Text - First - Prescription Drug Affordability Board - Authority for Upper Payment Limits and Funding (Lowering Prescription Drug Costs for All Marylanders Act of 2024)
Senate	1/24/2024	1/24/2024	Hearing 2/07 at 2:00 p.m. (Finance)

File Code

Subjects

Statutes