Strategies to Address High Prescription Drug Costs in Michigan
Proposal recommendations for the Prescription Drug Task Force in Michigan include enhancing transparency in cost information, holding stakeholders accountable, improving accessibility to drugs from Canada, ensuring affordability through rate setting and tax credits, and implementing measures to address the rising costs of prescription drugs.
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Presentation Transcript
Addressing the High Cost of Prescription Drugs in Michigan Proposed Opportunities for the Prescription Drug Task Force
Background Rising Cost of Prescription Drugs Challenges to Addressing Costs Opportunities Available
Transparency Disclosure of Certain Cost Information Require Notification of Price Increases Require Prescriber Price Awareness
Accountability Pharmacy Benefit Manager Licensing License Pharmaceutical Sales Representative Repeal Drug Industry Immunity Law
Accessibility Importation from Canada Public Production Challenge Monopoly Power Value-Based Contracting (Pay for Performance)
Affordability Affordability Board Cap Co-pay for Consumers Rate Setting and Spending Targets Prescription Drug Emergency Fund Tax Drug Price Increases Greater Than The Rate of Inflation Tax Credit for Insulin
