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Prescription Drug Affordability Initiative

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Today, hundreds of thousands of Marylanders are newly covered with access to a wide range of benefits and services, including prescription drugs.

However, expensive life-saving drugs– some of which are close to six figures for treatment– threaten to derail the progress made in expanding coverage.

Prescription drugs account for one of the fastest-growing segments of health spending in the U.S. Nationally, we’ve seen figures that indicate spending on high-cost drugs alone is expected to more than quadruple from $87 billion dollars in 2012 to $400 billion in 2020. Containing rising health care costs means containing prescription drug prices.

The Prescription Drug Affordability Initiative

The Prescription Drug Affordability Initiative would:

  • Require drug companies to disclose the basis for the prices of their prescription drugs, including a breakdown of how much is spent on production, research, marketing and profits.
  • Require these companies to give the public prior notice if they plan to increase the price of any name brand or specialty drug by 10% or more to help consumers adjust to the new rate.
  • Authorize the Office of the Maryland Attorney General to take legal action to prevent price gouging by major drug corporations.

Want more information?

US Rx Prices vs. Other Countries

Want to join the initiative?

Selected Media from the Launch