Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB2536 by Oliverson (Relating to transparency related to drug costs.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would require pharmaceutical drug manufacturers (PDMs) to annually report to the Health and Human Services Commission (HHSC) on the current wholesale acquisition costs of certain FDA-approved drugs sold in the state. HHSC would be required to develop a website to provide this information to the public. The bill would also require PDMs to report, and HHSC to publish, information on certain drug price increases.
The bill would also require Pharmacy Benefit Managers and Health Benefit Plan Issuers to submit reports to HHSC, and require HHSC to publish those reports online.
The Employee Retirement System, Department of Insurance, The University of Texas System Administration, Texas A&M University System Administrative and General Office, and HHSC indicate that the provisions of the bill could be absorbed using existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
327 Employees Retirement System, 454 Department of Insurance, 529 Health and Human Services Commission, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration