Connect with us

Hi, what are you looking for?

“There’s no reason patients shouldn’t know exactly what their prescription drugs cost before they get to the pharmacy. Today, I’m introducing the Prescription Drug Price Reporting Act to give patients the information they need to make informed decisions for themselves and their families," Scott said.

Florida News

Rick Scott Brings Out the Prescription Drug Price Reporting Act

“There’s no reason patients shouldn’t know exactly what their prescription drugs cost before they get to the pharmacy. Today, I’m introducing the Prescription Drug Price Reporting Act to give patients the information they need to make informed decisions for themselves and their families,” Scott said.

Last week, U.S. Sen. Rick Scott, R-Fla., unveiled a proposal to offer more transparency on prescription drug prices.

Scott introduced the “Prescription Drug Price Reporting Act” which, he insists, will “provide much-needed transparency for prescription drug process” by creating a “consumer-friendly database of prescription drug prices, which will empower American families to make informed healthcare choices.”

On Friday, Scott showcased the bill which U.S. Sen. Susan Collins, R-Maine, and U.S. Sen. Cory Gardner, R-Col., are cosponsoring.

“There’s no reason patients shouldn’t know exactly what their prescription drugs cost before they get to the pharmacy. Today, I’m introducing the Prescription Drug Price Reporting Act to give patients the information they need to make informed decisions for themselves and their families. Even in the hyper-partisan, dysfunctional world of Washington, D.C., creating more transparency in the healthcare system is something we must get done now to help families across our nation,” Scott said.

“I hear frequently from families across Colorado, who are suffering from the rising cost of prescription drugs,” Gardner said. “Creating transparency in prescription drug pricing will help ensure that Americans everywhere can have affordable access to the treatments they need and this legislation is an important step in the right direction.”

“The skyrocketing cost of prescriptions places a tremendous strain on family budgets, particularly for older Americans, 90 percent of whom take at least one medication every day,” Collins said. “As the chairman of the Senate Aging Committee, I have held multiple hearings investigating this issue and have authored legislation to reduce drug costs. By increasing the transparency of manufacturers’ pricing, this bill will help bring greater accountability to a drug pricing system that is badly broken.”

Scott’s office laid out what the proposal will do.

“The Prescription Drug Price Reporting Act will create transparency in pharmaceutical prices by creating a central federal database website. The database will include pharmaceutical list prices, average net price, and aggregate manufacturer rebates,” Scott’s office noted.

The senator’s office insisted the proposal will also ensure drug companies have to offer the rationale behind price increases.

“Each manufacturer of a prescription drug will be required to report financial and non-financial factors for the price change,” Scott’s office insisted.

The bill was sent to the U.S. Senate Health, Education, Labor, and Pensions Committee on Thursday. So far, there is no version of the proposal over in the U.S. House.

 

Kevin Derby can be reached at [email protected] 

Author

  • Kevin Derby

    Originally from Jacksonville, Kevin Derby is a contributing writer for Florida Daily and covers politics across Florida.

    View all posts

Archives

Related Articles

Business / Economy News

Florida Senator Rick Scott introduced the United States Citrus Protection Act which prohibits the importation of commercially produced fresh citrus fruit from Communist China into the...

Political News

Today, Florida Senator Rick Scott joined Republican colleagues, Texas Senator Ted Cruz and North Carolina Senator Thom Tillis, to announce the introduction of the Make...

Political News

President Donald Trump signed an Executive Order to abolish the U.S. Department of Education (DOE). Below is an overview of recent votes of involving...

Political News

Florida, Senators Rick Scott and Ashley Moody announced the introduction of the Consolidating Aerospace Programs Efficiently at Canaveral (CAPE Canaveral) Act. This bill will relocate...

Advertisement
Florida Daily
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

HOW WE COLLECT E-MAIL INFORMATION:

If you sign up to subscribe to Florida Daily’s e-mail newsletter, you will provide us your e-mail address and name, voluntarily, and we will never obtain any of your contact information that you don’t voluntarily provide.

HOW WE USE AN E-MAIL ADDRESS IF YOU VOLUNTARILY PROVIDE IT TO US:

If you voluntarily provide us with your name and email address, we will use it to send you one email update per weekday. Your email address will not be given to any third parties.

YOUR CONTROLS:

You will have the option to unsubscribe to our E-mail update at anytime by clicking an unsubscribe link that will be provided in each E-Mail we send.