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Bill for Transparency in Prescription Drug Prices Passes Oregon Legislature

The bill enjoyed bipartisan sponsorship and support.

Posted: Feb 28, 2018 3:41 PM
Updated: Mar 2, 2018 2:52 PM

UPDATE: The Oregon Senate passed the drug price transparency bill today. The bill will now go to Governor Brown for signing into law. Once again the bill enjoyed broad bipartisan support, in a 25-4 vote. 

SALEM, Ore. — A bill sponsored by both Democrats and Republicans, aimed at increasing transparency in prescription drug prices, passed the Oregon State House of Representatives today. 46 voted in favor, while 14 opposed the bill.

If the bill is passed by the Senate and signed into law, it will require drug companies to report their costs for development and marketing their products—allowing lawmakers to determine how much of the price is markup. The Department of Consumer and Business Services will be in charge of overseeing drug prices and comparing them to the reports from drug companies.

That department will also have oversight on health insurance companies that offer prescription drug benefits. Insurers will have to identify the effect of drug prices on their premium rates.

Drug companies that cannot or will not demonstrate that their drug prices are reasonably derived from the amounts that they've spent on research and marketing can be subject to civil penalties from the Department of Consumer and Business services.

According to lawmakers, the purpose of the bill is to reach understanding about why drug costs in the US seem so much higher in comparison to similar countries, such as Canada.

These reports from drug companies will only be required if the base cost of the drug is $100 or more, and the price increases by 10 percent or more in a year.

Oregon Coronavirus Cases

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Cases: 352026

Reported Deaths: 4185
CountyCasesDeaths
Multnomah55306692
Washington38321316
Marion36352445
Clackamas29350304
Lane27309299
Jackson22783304
Deschutes19886124
Umatilla14286144
Linn12617120
Douglas11918241
Josephine9292195
Yamhill8584111
Klamath7765111
Polk719680
Malheur552774
Benton537630
Coos492593
Columbia375743
Jefferson366351
Union316247
Lincoln313338
Wasco282640
Crook277646
Clatsop240729
Baker199228
Tillamook194929
Hood River190137
Morrow183023
Curry178723
Harney110225
Grant98012
Lake89711
Wallowa67312
Gilliam1494
Sherman1463
Wheeler1031
Unassigned00

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Cases: 4825708

Reported Deaths: 70829
CountyCasesDeaths
Los Angeles147768626443
Riverside3704095008
San Diego3649124169
San Bernardino3574215597
Orange3234075528
Sacramento1584372283
Fresno1451192063
Santa Clara1450041895
Kern1449141615
Alameda1202831381
San Joaquin1022501721
Ventura1008011165
Contra Costa99612995
Stanislaus856421319
Tulare79513958
San Francisco54220644
San Mateo53970622
Monterey50772583
Solano45898340
Santa Barbara45005522
Merced42047579
Sonoma40822402
Placer39118420
Imperial35794764
Kings32587315
San Luis Obispo29797331
Madera23680281
Butte23649265
Shasta23544341
Santa Cruz20928218
Yolo20240248
Marin17644243
El Dorado17083149
Sutter13847172
Napa12855100
Yuba1000882
Tehama9406107
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Nevada909490
Mendocino757686
Lassen749946
San Benito741372
Tuolumne680893
Lake6565104
Amador540364
Siskiyou445842
Glenn433632
Calaveras385180
Del Norte357141
Colusa302818
Inyo203540
Mono16565
Plumas16046
Mariposa130815
Trinity86711
Modoc6758
Unassigned1820
Sierra1810
Alpine1030
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