Amendment ID: S2397-27-R2

2nd Redraft Amendment 27

Rate threshold for early notice of generic prescription drugs

Mr. Lewis moves that the proposed new draft be amended in section 18, by striking out, in line 181, the words “priced at $100 or more per wholesale acquisition cost unit by 200 per cent or more” and inserting in place thereof the following words:-“with a significant price increase as determined by the commission”; and

by inserting after section 42 the following 2 sections:-

“SECTION 42A. Notwithstanding subsection (b) of section 15B of chapter 6D of the General Laws, for the purposes of providing early notice under said section 15B of said chapter 6D, the health policy commission shall determine a significant price increase for a generic drug to be defined as a generic drug priced at $100 or more per wholesale acquisition cost unit that increases in cost by 100 per cent or more during any 12-month period.

SECTION 42B. Section 42A is hereby repealed.”; and

by adding the following section:-

“SECTION 43A. Section 42B shall take effect on January 1, 2022.”.