Nevada bill increases price transparency by tracking insulin manufacturer profits

The Nevada legislature restored a bill that would improve price transparency by requiring insulin manufacturers to disclose their profits, according to Kaiser Health News.

Advertisement

 

The legislative effort is an attempt to fight the nearly 300 percent increase in the cost of the life saving drug, according to the report.

“I believe there should be transparency across the health care system,” Sen. Yvanna Cancela, D-Nev., who sponsored the bill, told Kaiser Health News

Nevada would be the first state to track insulin manufacturer profits, as bills addressing the escalating drug costs in other states have stalled.

More articles on supply chain:
AstraZeneca divests migraine drug for $302M
Advocacy group calls for FDA action on Bayer’s birth control device
Walmart pledges to slash supply chain greenhouse gas emission by 1B tons

Advertisement

Next Up in Supply Chain

Advertisement

Comments are closed.