Launch of the Pharmaceutical Transparency Website for VM

CHARLESTON. W.Va. – State Auditor John B. McCuskey has announced the launch of the West Virginia State Auditor for Drugs Transparency website.

In partnership with AARP, wvCheckbook.gov will publish information on every prescription drug sold in West Virginia. The information will include production costs, current drug prices, reasons why some prices are increasing, as well as a list of drugs that have risen in price, drugs that have lost their patent rights, and costs related to the drug. research and development.

“In 2020, the West Virginia legislature passed Senate Bill 689 which required pharmaceutical drugs
manufacturers and companies that issue health insurance plans must submit these health insurance plans and drug prices
information at the state auditor’s office will be posted on the state’s transparency website, ”McCuskey said.
“This is increasingly important data for our aging population that depends on these drugs for a variety of
health care needs. An informed consumer base enables real-time accountability and fair pricing
on the prescription drug market, while providing an information window to each consumer in
West Virginia.

Gaylene Miller, Director of AARP West Virginia State, said: “It is important that we bring transparency to
the prescription drug pricing process and begin to address the affordability of prescription drugs federally and
At the state level. The AARP has been a national leader in this effort, and we thank the West Virginia Legislature
and Auditor McCuskey for their work to increase disclosure and accountability on the part of the
pharmaceutical industry. Drug prices keep rising, even for drugs that have been on the market for
decades. The creation of this website is an important step in bringing transparency to the process and
start dealing with rising prescription drug costs for West Virginia families who often have to choose between
food, medicine and paying their utility bills ”.

As one of the co-sponsors of Senate Bill 689, Senator Ryan Weld added “generic and branded products
Prescription drug prices have gone up, but when that happens we don’t know why. Therefore, I helped
introduce a bill to answer this question. I am proud to have partnered with AARP to present this
bipartite legislation to keep our citizens informed. Pharmaceutical companies and health insurance plan
issuers with a pharmacy component will now be held accountable to our consumers for their pricing
practices.”

Information on the price of medicines and the medicines that these companies produce, as well as the companies
legally compliant, can be found on the website at wvcheckbook.gov.

Questions about the data and why certain information is displayed should be directed to our transparency
team at 304-558-2251. Questions about pricing information and the reason for posted prices should
be directed to the corresponding pharmaceutical company you are consulting with.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *