For example, branded drugs prices rose an average of 15 percent in 2015; specialty drugs were up almost 10 percent; and even generics increased their average price by nearly 5 percent. "Transparency will make drug companies pause and consider whether drastic price increases are appropriate", he added. Insurers will also need to file annual reports explaining the relationship between drug prices and healthcare premiums. The notice required by subdivision (a) shall be provided in writing at least 60 days prior to the planned effective date of the increase. "Jerry" Brown Jr. establishes a Lesbian, Gay, Bisexual and Transgender Long-Term Care Facility Residents' Bill of Rights to protect LGBT older adults in the state from discrimination or mistreatment in assisted living communities and nursing homes.
SB 17 by itself will not entirely solve the problem of skyrocketing prices for prescription drugs, but it is a critical first step toward holding the pharmaceutical industry accountable. The bill applies to drugs that have a wholesale price of more than $40 for a 30-day supply.
California's governor has chose to sign a drug pricing bill that deals a blow to drugmakers-and to their lobbyists who've been fighting strenuously against the measure. Ed Hernandez (D-West Covina), the bill's author and an optometrist. "That is the cost of prescription drugs". "We stand ready to work with policymakers on new innovation strategies that emphasize value while bringing down costs and expanding access to needed medicines", she said. "We need answers for the child who needs an Epi-pen, the Hepatitis C patient who needs Sovaldi, and the AIDS patient who needs Daraprim". "This new California law sets national policy, breaking new ground to benefit patients and purchasers against unfair and unjustified prescription drug price hikes".
Brown's office hasn't said whether he plans to sign the copay coupon bill.
The law states that pharma companies must begin reporting the data in January 2019.
And he signed legislation that will authorize pilot programs for electric vehicle charging stations at California state parks and beaches, though in a signing statement Brown urged lawmakers to "evaluate the effectiveness" of similar programs before passing additional legislation. "Labor unions led the fight for SB 17 because skyrocketing prescription drug prices hurt working people, patients, the chronically ill and cost taxpayers billions of dollars". "SB 17 ignores the reality that spending on prescription medicines remains a much smaller portion of overall health care spending".