SB 5489 - DIGEST

Finds that, by maximizing its purchasing power and taking better advantage of its position as a major buyer of prescription drugs, the state should be able to reduce the price it pays for such drugs across all state programs, and offer some relief to others in need who lack prescription drug coverage. To further this purpose, there is created the aggregate purchasing prescription drug discount program.

Provides that, by January 1, 2004, the administrator of the health care authority must submit to the governor and the legislature a progress report regarding the implementation of the aggregate purchasing prescription drug discount program.