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Drug Price Transparency: Ads Must Show Costs

New rules require prescription drug and biological product advertisements to display their prices. This aims to help citizens make informed decisions about purchasing medications and understand their true costs before receiving a prescription. The goal is to increase competition and reduce drug spending.
Key points
Prescription drug advertisements must include the wholesale acquisition cost (WAC) for a 30-day supply or typical course of treatment.
Price information must be presented clearly and conspicuously, regardless of the advertisement medium.
Violators of these rules may face civil penalties of up to $100,000 per violation.
The goal is to increase consumer awareness of drug costs and promote the selection of lower-cost alternatives.
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Additional Information
Print number: 117_S_2304
Sponsor: Sen. Durbin, Richard J. [D-IL]
Process start date: 2021-06-24