VA HB 570

Title: Prescription Drug Affordability Board; established, drug cost affordability review, report.
Author: Karrie K. Delaney

Summary
Prescription Drug Affordability Board established; drug cost affordability review. Establishes the Prescription Drug Affordability Board for the purpose of protecting the citizens of the Commonwealth and other stakeholders within the health care system from the high costs of prescription drug products. The bill directs the Governor to appoint the members and alternate members of the Board and requires the Board to meet in open session at least four times annually, with certain exceptions and requirements enumerated in the bill. Members of the Board are required to disclose any conflicts of interest, as described in the bill. The bill also creates a stakeholder council for the purpose of assisting the Board in making decisions related to drug cost affordability. The bill tasks the Board with identifying prescription, generic, and other drugs, as defined in the bill, that are offered for sale in the Commonwealth and, at the Board's discretion, conducting an affordability review of any prescription drug product. The bill lists factors for the Board to consider that indicate an affordability challenge for the health care system in the Commonwealth or high out-of-pocket costs for patients. The bill also provides that any person aggrieved by a decision of the Board may request an appeal of the Board's decision and that the Attorney General shall have authority to enforce the provisions of the bill.

Status
House: Read first time

Bill Documents
VA HB 570 - House committee, floor amendments and substitutes offered
2024-01-09 - VA HB 570 (House committee, floor amendments and substitutes offered)

---

VA HB 570 - Committee substitute printed 24106760D-H1
2024-01-09 - VA HB 570 (Committee substitute printed 24106760D-H1)

---

VA HB 570 - Bill text as passed House and Senate (HB570ER)
2024-01-09 - VA HB 570 (Bill text as passed House and Senate (HB570ER))

---

VA HB 570 - Prefiled and ordered printed; offered 01/10/24 24100122D
2024-01-09 - VA HB 570 (Prefiled and ordered printed; offered 01/10/24 24100122D)

---

Add To Favorites