It's been a long road, but the Prescription Drug Affordability Council legislation we all have been working hard to advance was signed into law by Governor Murphy on July 10 as part of his three-bill package. This will finally put us on the path to making prescription drugs more affordable for all New Jerseyans. With over half of our residents worried about affording paying for prescription medications and 1 in 4 already skipping doses or cutting pills in have due to cost, addressing affordability is long overdue.
SPAN has been one of the New Jersey for Affordable Drug Campaign Partners supporting this bill and our own Peg Kinsell is pictured above at the bill signing.
The new law will create a Prescription Drug Affordability Council, aka PDAC, compromised of an appointed team of experts. The PDAC will perform a comprehensive analysis of the pharmaceutical system for cost drivers and will publicly recommend reforms and policies our leaders and lawmakers should pursue to help rein in runaway drug prices. Other bills included in this package will cap copays for Insulin at $35, $25 for EpiPens, and $50 for Asthma Inhalers as well as require licensure and tighter regulations on Pharmacy Benefit Managers.
To read about all of the provisions of this legislation, click here.