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U.S. Senate passes “Patient Right to Know Drug Prices” act

WASHINGTON – Yesterday, the U.S. Senate passed the Patient Right to Know Drug Prices Act by a vote of 98-2. Senator Joni Ernst (R-IA) issued the following statement:

Joni Ernst

“Iowans, and all Americans, deserve to know the cost of their prescriptions and pharmacists should have the ability to share that information prior to purchase. As a result of this legislation, we will see more transparency in prescription drug costs, and Americans will pay less for their prescription drugs. This is a win-win for Iowa consumers and pharmacists.”

The Patient Right to Know Drug Prices Act will ban the inclusion of pharmacy “gag-clauses,” which are contract provisions imposed by health insurance plans and pharmacy benefit managers that restrict pharmacists from providing certain pricing information to patients. For example, a prescription drug might cost less by paying out-of-pocket rather than through insurance, but under the “gag-clause” pharmacists are prohibited from disclosing that information.

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