TALLAHASSEE (CBSMiami/NSF) – U.S. Sen. Rick Scott is sponsoring legislation aimed at lowering the costs of prescription drugs and has included price controls as part of his proposal.READ MORE: Florida Senate Ready To Pass Controversial Protest Bill
Scott’s plan also would ban drug companies from charging consumers in the United States more for prescription drugs than other industrialized countries, including those with socialized health care, such as Great Britain or Canada.READ MORE: ‘Billionaire Boxer’ Joe Fournier Ready To Settle Score With Reggaeton Singer Reykon In The Ring
The price control provision would expire in five years. Scott’s prescription drug bill also includes transparency components, which should come as no surprise, given Scott’s emphasis on health-care price transparency during his two terms as governor of Florida.
Scott’s legislation would require pharmacies to tell patients what it would cost to purchase drugs out-of-pocket instead of using insurance and co-payments.MORE NEWS: CDC Study Finds Leaving Middle Seat Open On Airplanes Could Reduce COVID Exposure For Passengers
It also would force insurance companies to provide patients with cost information about drugs during annual open enrollment periods.