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    Biotech & Pharmaceuticals

    Maryland lawmakers advance bill on prescription drug affordability board

    AndersonBy AndersonFebruary 21, 2025No Comments2 Mins Read

    The Maryland House of Delegates has voted overwhelmingly to allow a state board to extend its mandate for lowering prescription drug costs to all residents, not just those employed by government agencies.

    As a result, the initiative now goes to the state Senate for approval, although the timing is unclear. Nonetheless, the 98-to-34 vote was cheered by consumer advocates who hope the Prescription Drug Affordability Board, which is designed to function much like a state utility commission, will usher in era of lower medicine prices for everyone who lives in Maryland.

    “It’s time to act to make drugs more affordable for all. Big drug corporations are making enormous profits and spending lavishly on advertising, even as many people struggle to pay for the prescriptions they need to live healthy lives. This bill will help fix that, and we urge the Senate to approve the bill and for Governor Moore to sign it,” said Vincent DeMarco of the Maryland Health Care for All coalition.

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    Anderson

    Anderson is an avid technology enthusiast with a keen eye for emerging trends and developments in the tech industry. He plays a pivotal role in delivering up-to-date and relevant technology news to keep the website’s readers informed. With a background in tech journalism and a passion for research, Anderson ensures that each piece he posts is thoroughly vetted, insightful, and reflective of the latest advancements in the field. His commitment to staying ahead of industry shifts makes him an invaluable asset to the team and a trusted source for readers seeking credible and timely tech news.

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