Prescription drug cost transparency makes its way through the Senate

A bill heard this week in the Judiciary Committee took a first step in prescription drug cost transparency, requiring reporting of large increases in costs for prescription drugs. Advocates of the bill said it was hard to know where to start when it came to prescription drug costs, as the data just wasn’t available from manufacturers.

Prescription drug costs have skyrocketed in recent years, putting serious pressure on family budgets. No one should go broke to get the medicine they need. Senate DFLers are working to hold down prescription drug costs and ensure vital medications are affordable for all Minnesotans.

It is important to note that this bill, while working to collect data on rising prescription drug costs, does nothing to lower the costs of prescription drugs or give Minnesotans access to life saving medication. The Legislature still needs to pass the Alec Smith Emergency Insulin Act and Senate Republicans still need to offer a serious solution to prescription drug costs. (SF 1098)

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