Drug Pricing Transparency Laws

Drug pricing transparency laws require pharmaceutical companies, healthcare providers, and insurers to disclose information about the costs of medications. This is intended to help consumers understand the prices they might pay for drugs and to promote competition and affordability. By making drug prices more transparent, these laws aim to empower patients to make informed choices about their healthcare and encourage more reasonable pricing practices within the pharmaceutical industry. Overall, the goal is to reduce healthcare costs and improve access to necessary medications for everyone.