Capital Public Radio: Drug Transparency Bill Passes Assembly Health Committee
By Ja'Nel Johnson
A key committee in the California Legislature has passed a prescription drug transparency bill after an hour-long debate Tuesday.
The bill would require drug manufacturers give advance notice to purchasers when prices increase by more than 10 percent or when a new drug costs more than $10,000.
Sen. Ed Hernandez, D- West Covina, introduced the bill. He says lawmakers should work to ensure affordability since individuals are required to purchase health insurance.
“I don’t believe in price fixing,“ says Hernandez. “I believe in the open market. I believe that all businesses should compete and now we’re requiring individuals to purchase this so we have to make sure that there is the best possible price for the consumer.“