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2021 Session

Budget Amendments - HB1800 (Member Request)

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Chief Patron: Sickles
Fiscal Impact of HB 2007 Prescription Price Transparency

Item 303 #4h

Item 303 #4h

First Year - FY2021 Second Year - FY2022
Health and Human Resources
Department of Health FY2021 $0 FY2022 $350,000 GF

Language
Page 336, line 19, strike "$21,849,583" and insert "$22,199,583".

Page 340, after line 30, insert:

"X. Out of this appropriation, $350,000 the second year from the general fund shall be provided to support the fiscal impact House Bill 2007 introduced in the 2021 Session to ensure prescription drug price transparency, which requires the development of a new data collection program. The department shall establish a contract for this service."



Explanation

(This amendment provides $350,000 the second year from the general fund to support the fiscal impact of House Bill 2007 introduced in the 2021 Session to ensure prescription drug price transparency, which requires the development of a new data collection program. The data would be used in combination with data already submitted to the Virginia All Payer Claims Database (APCD) to develop an annual online report that analyzes drivers of prescription drug prices. The legislation requires information that cannot be collected using the existing APCD layout and data fields. Costs decrease in the outyears to $275,000 annually after subtracting one-time costs for the development.)