President Donald Trump signed legislation ending “gag clauses” that prevent pharmacists from informing patients regarding ways to save money on their prescription drugs.
During the signing ceremony at the White House, Trump said, “All our citizens deserve to know the lowest price available at our pharmacies, and now that is what they’ll be getting.”
He added the legislation will allow patients to see drug pricing and they’ll know which pharmacies to go. The president believes that certain pharmacies will start lowering their prices once patients start leaving.
The Know the Lowest Price Act of 2018 prohibits Medicare Prescription Drug Plan sponsors and Medicare Advantage organizations from restricting or penalizing the disclosure of certain drug pricing information to enrollees.
The Patient Right to Know Drug Prices Act forbids health insurers from restricting or penalizing the disclosure of certain drug pricing information to enrollees, and to require the filing of settlements between biosimilar product developers.
