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AZ HB2558
Bill
Status
1/22/2024
Primary Sponsor
Judy Schwiebert
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AI Summary
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Prohibits manufacturers and wholesale distributors from engaging in price gouging on essential off-patent or generic drugs, defined as drugs with expired exclusive marketing rights that are on the WHO essential medicines list or designated by HHS for treating life-threatening or chronic conditions, manufactured by three or fewer companies, and sold in Arizona.
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Allows the state medical assistance program to notify the Attorney General of price increases of at least 50 percent within one year if a 30-day supply, full course of treatment, or single dose would cost more than $80 at wholesale acquisition cost.
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Requires manufacturers to submit statements within 45 days of Attorney General request explaining cost components, manufacturing increases, and expenditures to expand drug access.
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Empowers Superior Court to issue orders restraining violations, restoring consumer money, requiring manufacturers to sell drugs at pre-violation prices for up to one year, and imposing civil penalties of up to $10,000 per violation.
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Protects confidentiality of manufacturer-provided commercial information unless waived, and allows the Attorney General to proceed without direct consumer contact in the state.
Legislative Description
Essential drugs; price increases; limits
Prescription Drugs
Last Action
House read second time
1/23/2024