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2021 Special Session I

Budget Amendments - HB1800 (Committee Approved)

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HB 2007 Prescription Price Transparency

Item 303 #1h

Item 303 #1h

First Year - FY2021 Second Year - FY2022
Health and Human Resources
Department of Health FY2021 $0 FY2022 $393,801 GF

Language
Page 336, line 19, strike "$21,849,583" and insert "$22,243,384".

Page 340, after line 32, insert:

"X. Out of this appropriation, $393,801 the second year from the general fund shall be provided to develop a new data collection program to address prescription drug price transparency, pursuant to the passage of House Bill 2007. The department shall establish a contract for this service."



Explanation

(This amendment provides $393,801 the second year from the general fund to develop a new data collection program to address prescription drug price transparency, pursuant to the passage of House Bill 2007. 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 out-years to $318,801 annually after subtracting one-time costs for the development of the system.)