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NY A10467
Bill
Status
3/6/2026
Primary Sponsor
Alicia Hyndman
Click for details
AI Summary
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Authorizes the New York Superintendent of Insurance to investigate critical prescription drug price increases that exceed the cost of living index over any 12-month period
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Defines "critical prescription drug" as medication necessary to prevent or treat conditions where death is possible or imminent
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Grants the superintendent subpoena power to compel witness testimony, attendance, and production of relevant books and papers during investigations
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Establishes civil penalties for unjustified price increases: up to $5,000 per offense, or two times the aggregate damages or economic gain, whichever is greater
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Imposes penalties of up to $1,000 per day for failure to submit required written statements or comply with subpoenas, with refusal to cooperate classified as a misdemeanor
Legislative Description
Requires investigating of critical prescription drug pricing; provides for civil penalties and private actions for certain critical prescription drug pricing.
Last Action
referred to insurance
3/6/2026