This bill creates a program and reporting requirements relating to prescription drugs and the importation of prescription drugs. This bill requires the Department of Health to design a prescription drug importation program; apply for approval of the prescription drug importation program; if the program is approved, implement the provisions of the program; and if approval is denied, study how the state can obtain approval for the program; describes the requirements of the prescription drug importation program; requires pharmaceutical manufacturers to provide information to the state about certain price increases for prescription drugs; modifies the Utah Antitrust Act to make certain anticompetitive activities illegal; and creates a sunset date for the provisions of this bill.