Relating to health care.
What changed between versions
Replaced the requirement for OHA to study health care with a requirement for drug manufacturers to report detailed information annually.
Added new reporting requirements for drug manufacturers to disclose pricing data, manufacturing costs, marketing expenses, R&D costs, sales revenue, profits, and patient assistance programs.
Removed the requirement for OHA to submit findings to legislative committees by September 15, 2027.
Changed the effective date from January 2, 2028 (sunset date) to January 1, 2028 (start date), and established an annual reporting deadline of March 15.
Added new statutory definitions for key terms including 'manufacture', 'manufacturer', 'new prescription drug', 'patient assistance program', 'prescription drug', and 'price'.
Added reporting threshold requiring drugs to cost $100 or more for a one-month supply or have a 10% or greater price increase to trigger reporting requirements.