Virginia Regulatory Town Hall
Health and Human Resources
Virginia Department of Health
State Board of Health
Mandate 1177

Mandate Information
Mandate Title:
Promulgate regulations related to prescription drug pricing transparency reporting
Purpose of legislation
Directs the Department of Health to enter into a contract or an agreement with a nonprofit data services organization to collect, compile, and make available on its website information about prescription drug pricing and requires every health carrier, pharmacy benefits manager, and drug manufacturer to report information about prescription drug prices to the nonprofit data services organization with which the Department of Health has entered into a contract for such purpose. The bill provides that in any case in which the Department determines that the data reported by health carriers, pharmacy benefit managers, and drug manufacturers is insufficient, the Department may require wholesale distributors to report certain data about prescription drug costs. The bill has a delayed effective date of January 1, 2022.
Legislation mandating a change Chap 304 (2021)
VAC chapters to be amended
12 vac 5 - 219 : Prescription Drug Price Transparency Regulation
Associated Regulatory Actions
Action 5819: Promulgation of New Regulation to Implement Chapter 304 of the 2021 Acts of Assembly, Special Session I
Latest Stage: Proposed
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