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MN HF3919

Bill

Status

Introduced

2/19/2024

Primary Sponsor

Amanda Hemmingsen-Jaeger

Click for details

Origin

House of Representatives

93rd Legislature 2023-2024

AI Summary

  • Amends Minnesota Statutes 2023 Supplement, section 62J.84, subdivision 14, to require wholesale drug distributors to report prescription drug information on a monthly basis rather than annually, effective January 1, 2024.

  • Requires wholesale drug distributors to submit detailed drug information within 60 days of notification, including national drug code, product name, dosage form, strength, and package size.

  • Mandates monthly reporting for the 12-month period prior to notification covering units acquired, total amount spent before rebates, rebate receivable amounts, units sold, gross revenue from United States sales, and total rebate payable amounts.

  • Allows wholesale drug distributors to submit supporting documentation for the reported information.

  • Applies to prescription drugs identified by the department as having substantial public interest and subject to a notification to report.

Legislative Description

Prescription drug price transparency act amended, and wholesale drug distributors required to provide information by month in the annual report.

Last Action

Introduction and first reading, referred to Commerce Finance and Policy

2/19/2024

Committee Referrals

Commerce Finance & Policy2/19/2024

Full Bill Text

No bill text available