Republicans have a plan to combat high prescription drug prices, without reverting to socialist price controls.
When I was a practicing pharmacist, I witnessed seniors trying to decide whether to pay for their medicine or pay for their groceries. I witnessed mothers crying because they couldn’t afford their children’s medicine.
Gov. Gretchen Whitmer on Wednesday signed into law three bills aiming to reduce the price of prescription drugs.
“I am proud to sign this bipartisan legislation that helps us lower the cost of prescription drugs,” Whitmer said in a statement. “For too long, unlicensed pharmacy benefit managers have been able to engage in practices that drive up costs for Michiganders whose lives and health depend on critical prescription drugs like insulin. This bill brings much-needed transparency to our healthcare system and is a testament to what we can do when we put Michiganders first.”
The Michigan Senate approved a bipartisan plan to reduce prescription drug prices in the state.
House Bill 4348 aims to save patients money by regulating pharmacy benefit managers (PBMs) who serve as facilitators between health plans, drug manufacturers and pharmacists.