Minnesota Senate Media Services
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Requiring Transparency in Prescription Drug Prices
Posted
February 14, 2019
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February 14, 2019
204
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17:30Now PlayingSenator Julie Rosen, R-Vernon Center, and Representative Kelly Morrison, DFL-Deephaven, profiled their proposal that would require drug manufacturers to disclose price information for the drugs they produce. The bill further requires the companies to justify price increases or face stiff penalties for failing to disclose the information.
Nikki Foster, who battles Multiple Sclerosis, said that her medication has slowed her disease. "Staying on this medication is crucial to my family's future, " she said. Over five years, the medium price of MS medication has increased by more than $20,000 dollars, she said. "Minnesotans living with MS and other chronic conditions deserve to know the factors that contribute to a drug's price and, unfortunately, the continual increases," she added.
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