Bill Requiring Justification For Rx Price Hikes Clears House Cmte.

House Ways & Means Committee clears legislation requiring manufacturers to justify 10% WAC increase in one year and 25% increase over three years, and to report number of free product samples.

Medical business or prices concept. Making money in pharmaceutical industry or high medical expenses. Also drug dealing, dealer or trade. Dollar sign written with pills spilled from a medicine bottle.

Drug manufacturers would have to provide their rationale for increasing Rx drug prices by at least 10% in one year and 25% over three years under legislation that unanimously cleared the US House Ways & Means Committee April 9. They would also have to justify launch prices of at least $26,000.

The Prescription Drug Sunshine, Transparency, Accountability and Reporting Act, or the Prescription Drug STAR Act, H.R. 2113, has a good...

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