FIFTY-FIFTH LEGISLATURE

FIRST SESSION

March 13, 2023

 

SENATE FLOOR AMENDMENT number ___1__ to SENATE TAX, BUSINESS AND TRANSPORTATION COMMITTEE SUBSTITUTE FOR SENATE BILL 51

Amendment sponsored by Senator William E. Sharer

    1. On page 1, line 12, before the period, insert "; REQUIRING PRESCRIPTION DRUG PRICE REDUCTIONS TO BE PROVIDED TO ALL CUSTOMERS FOR THE ENTIRETY OF THE PLAN OR CALENDAR YEAR".  

    2. On page 13, between lines 10 and 11, insert the following new section:

    "SECTION 7. [NEW MATERIAL] PRESCRIPTION DRUG PRICE REDUCTIONS.--

         A. A manufacturer that offers a reduction in the price, including any discounts, rebates or coupons, for a prescription drug product shall make the reduction in price available to all customers for the entirety of the plan year or the calendar year, whichever is longer.

         B. For the purposes of this section:

             (1) "manufacturer" means an entity that:

                  (a) engages in the manufacture of a prescription drug product;

                  (b) enters into a lease with another manufacturer to market and distribute a prescription drug product under the entity's own name; or

                  (c) sets or changes the wholesale acquisition cost of the prescription drug product it manufactures or markets; and  

             (2) "prescription drug product" means a brand name drug, generic drug, biologic or biosimilar.".

                                    _______________________________

                                    William E. Sharer

Adopted ___________________ Not Adopted ________________________

          (Chief Clerk)                (Chief Clerk)

                  Date _________________