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Senator Fuschillo Announces Passage Of Legislation Requiring Online Posting Of Prescription Drug Prices

 

The New York State Legislature passed legislation, cosponsored by Senator Charles J. Fuschillo, Jr. (8th Senate District), that would require prescription drug prices to be posted online. This would give consumers easy access to drug price lists, allowing them to save money on their prescription drugs through comparison shopping.

"People should be able to compare prices in order to save their money. By posting the price lists online, consumers will be able to find the best prices for the prescriptions they need from the comfort of their own home," said Senator Fuschillo.

"New Yorkers with no prescription drug coverage, unfortunately, have to pay the highest prices at the pharmacy counter," said Lois Aronstein, AARP New York State Director. "This legislation will help consumers find the best prices on their prescription drugs at a nearby pharmacy by allowing them to review and compare prices on the Internet."

Under current law, pharmacies in New York are required to produce an updated weekly prescription drug price list and make copies available to consumers who come into the pharmacy and request the list in person.

This legislation would require pharmacies to provide the same list electronically to the Department of Health, who will make the prices available on their web site. Each pharmacy’s price list would be updated weekly. Signs would be posted in pharmacies notifying consumers that the price list is online and the address of the web site. The web site would be searchable by zip code.

The bill will be sent to Governor Pataki.


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