It is possible to control the drug prices with some government legislations since the Daraprim pills are sold for only $1 or $2 a pill abroad (Long, 2016), and some people are importing EpiPens for under $100 from Canada and overseas websites -an act that the FDA says is technically illegal and potentially dangerous (Tuttle, 2016). So if the same drugs are available for a cheaper price abroad, the proposed legislation can bring down the cost of these critical …show more content…
If so, include it. The requirement for the drug companies to report the cost associated with their drug, is generally addressed in “Drug transparency bills”, by several states like California and Colorado. The California State has introduced a bill, AB 463 titled, Pharmaceutical Cost Transparency Act of 2016, which would require prescription drug manufacturers to file a report, no later than May 1 of each year, with the Office of Statewide Health Planning and Development on the costs for each qualifying drug (California Legislative Information, 2016). The bill, HB16-1102 - Drug Production Costs Transparency Requirements, proposed in Colorado General Assembly, mandates the drug manufacturers to report production costs for certain high-cost prescription drugs (LegisPeak, 2016). New York and Virginia are also proposing similar legislation like California and Colorado (Ridel, 2016). Massachusetts legislation, S 1048, proposes cost disclosures and price caps for prescription drugs ,and Pennsylvania is setting up a benchmark for pricing anti-cancer prescription drugs (Ridel,