New Hampshire Undertakes a Historic Bipartisan Initiative to Join Other Leading States in Delivering Meaningful Savings for Taxpayers
FOR IMMEDIATE RELEASE
July 16, 2020
CONCORD, NEW HAMPSHIRE – Today, Governor Chris Sununu announced that he has signed HB 1280, legislation that will help bring down the cost of prescription medicines to the state by creating a competitive marketplace for purchasing prescription drugs through pharmacy benefit managers (PBMs). The measure received bipartisan, bicameral support.
The PBM Accountability Project of New Hampshire, a coalition of Granite State labor, business, patient groups, health care providers, and municipalities, released the following statement:
"By signing HB 1280 into law, Governor Sununu has provided a direct pathway to tangible savings for taxpayers and the state during this critical time. Granite Staters are facing an increasing number of serious health and financial challenges due to the coronavirus pandemic. HB 1280 will save the state up to $22 million annually by creating a competitive prescription drug marketplace, which will help lower costs at the pharmacy counter. We are grateful to Governor Sununu, Senate President Soucy and leaders on both sides of the aisle for supporting this common sense, fiscally responsible legislation. At a time when many states struggle to find budget solutions, New Hampshire once again leads the way.”
For more information, visit pbmaccountabilitynh.org.
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The PBM Accountability Project of New Hampshire
The PBM Accountability Project of New Hampshire comprises a broad coalition of leaders and stakeholders across New Hampshire, including, Asthma and Allergy Foundation of America - New England Chapter, AIDS Response Seacoast, Breathe New Hampshire, American Federation of Teachers – New Hampshire, Bricklayers and Allied Craftsmen Local 3, New England Hemophilia Association, New Hampshire Coalition for Occupational Safety and Health, New Hampshire Independent Pharmacists, New Hampshire Troopers Association, Lupus Foundation New England, New Hampshire AFL-CIO, Iron Workers Local 7, IBEW Local 2320, and SEA/SEIU Local 1984. The PBM Accountability Project of New Hampshire receives support, insights, and guidance from the following national partners: National Consumers League, National Alliance for State Pharmacy Associations, National Community Pharmacists Association, National Diabetes Volunteer Leadership Council, HMC HealthWorks, United Food and Commercial Workers, International Union of Bricklayers and Allied Craftworkers, and America’s Agenda. Our mission is to restore prescription drug savings for New Hampshire patients and purchasers and assure affordability for patients, working families, business and employee groups, taxpayers, our State government, and communities across New Hampshire.