S1574: Prescription Drug Price Transparency

Legislative Summary

Prohibiting permits for prescription drug manufacturers and nonresident prescription drug manufacturers and for certain wholesale distributors of prescription drugs from being renewed unless specified requirements are met; providing reporting requirements for certain entities that engage in wholesale distributions of prescription drugs; providing requirements for notifications by manufacturers of prescription drug price increases under certain circumstances; providing additional requirements for contracts between pharmacy benefit managers and individual health insurers, group health insurers, and health maintenance organizations, respectively, etc.