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Bill would require health plans to prefer lower-cost drugs on formularies; committee adopts amendment and refers measure to Commerce
Summary
Senate File 1876 would require plans to include lower-cost therapeutically equivalent drugs on formularies so cheaper alternatives are available; the committee adopted an A3 amendment allowing plans to opt out if they offer low cost-sharing and referred the bill to Commerce.
Senate File 1876 would direct health plans to include therapeutically equivalent lower-cost drugs on their formularies to ensure cheaper options are available to patients and to encourage competition at the manufacturer-to-plan level.
Sponsor Senator Mann said the bill targets situations where manufacturers raise list prices to generate larger rebates; mandating that…
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