Many TV ads for certain prescription drugs would have to show a written list price on screen. Federal health officials would write the details within one year. The price shown may still be different from what a patient pays after insurance or discounts.
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Plain Prescription Prices Act is a House bill in committee. The latest recorded action: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Latest action on H.R. 4623: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Who this affects: This bill mainly affects drug companies that advertise on TV and people who see those ads. Drug makers and advertisers would have to change ads to include price text that follows new federal rules. Patients and families could see price information earlier, but that number may not match what they would pay at the pharmacy. CMS and the Department of Health and Human Services would also have to write and enforce the new rules.
Why this matters: This bill matters because people who see TV drug ads usually do not see the drug's list price at the same time. This bill would put that number on screen, which could make prices easier to notice before someone talks with a doctor. It also gives federal health officials clear power to set one national rule for these ads. But the price shown is the list price, not the final amount many people pay after insurance, rebates, or discounts, so the disclosure could help some viewers and still confuse others.
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