PRESCRIPTION DRUG COST ON RECEIPT - S.B. 6 (S-2): FLOOR ANALYSIS
sans-serif">Senate Bill 6 (Substitute S-2 as reported by the Committee of the Whole)
Sponsor: Senator Bev Hammerstrom
The bill would amend the Public Health Code by requiring pharmacists to include the cost of a prescription drug or the amount charged to a third party, as well as the amount of a co-pay, on a receipt for the drug.
Currently, the Code requires a pharmacist to provide certain information on a receipt for a prescription drug, including the price for which the drug was sold to the purchaser. The bill specifies that, until January 1, 2005, a pharmacist would have to include either the current selling price of the prescription drug to a purchaser without prescription coverage, or the price of the drug charged to a third-party payment source, and the co-pay, if any, paid by the purchaser. (The Code defines “current selling price” as the retail price for a prescription drug available for sale from a pharmacy.)
On and after January 1, 2005, if the prescription purchase were covered by a third-party pay contract, the pharmacist would have to include on the receipt the price of the drug charged to a third-party payment source and the co-pay, if any, paid by the purchaser. If a third-party pay contract did not cover the prescription purchase, the receipt would have to include the current selling price of the prescription drug to a purchaser without prescription coverage.
MCL 333.17757 - Legislative Analyst: Claire Layman
FISCAL IMPACT
The bill would have no fiscal impact on State or local government.
Date Completed: 3-12-03 - Fiscal Analyst: Maria TyszkiewiczFloor\sb6 - Bill Analysis @ www.senate.michigan.gov/sfa
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.