Adds to existing law to establish equitable billing practices for 340B drugs and covered entities.

The Affordable Prescription Drug Cost Act restores the integrity of the 340B Drug Discount Program by ensuring fair reimbursement to Idaho’s 340B covered entities and contract pharmacies. This legislation prohibits Pharmacy Benefit Managers from placing any burdensome restrictions on a 340B covered entity or contract pharmacy that would not be placed equally on a non-340B covered entity or non-contract pharmacy. Additionally, this legislation safeguards Idahoans’ choices for pharmacy selection, and preserves independent pharmacies, by prohibiting drug manufacturers from restricting which pharmacies can receive drugs purchased under the 340B program.