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Drug Price Transparency: Lower Costs for Patients

This bill aims to ensure pharmacies inform patients about price differences for prescription drugs, depending on whether they use health insurance or pay cash. This allows patients to choose the most cost-effective option, potentially reducing their healthcare expenses.
Key points
Pharmacies must disclose if a drug is cheaper when paid for with cash versus using insurance.
Patients with group, individual, Medicare Advantage, and Part D plans will benefit from this price transparency.
The goal is to increase drug price transparency and help patients save money.
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Additional Information
Lowest Price for Patients Act
Print number: HR 2484
Sponsor: Rep. Porter, Katie [D-CA-45]
Process start date: 2021-04-13