HB 340 (Companion Bill SB 388) – Maryland

Status: In Process
Year Introduced: 2024
Link: https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0340?ys=2024RS

Requiring the Governor in fiscal year 2025 and each fiscal year thereafter to include in the annual budget bill an appropriation of at least $1,000,000 for the Prescription Drug Affordability Fund which provides funding for the Board; and requiring the Board, under certain circumstances, to establish a process for setting upper payment limits for all purchases and payor reimbursements of prescription drug products in the State that the Board determines have led or will lead to affordability challenges.


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