HB 697: Drug Prices and Coverage
GENERAL BILL by Kincart Jonsson
Drug Prices and Coverage; Requires prescription drug manufacturer permitholders to annually report to AHCA international drug price data; requires agency to contract with entity to designate reference price source countries & analyze certain data; requires agency to publish annually prescription drug & product reference prices; requires pharmacies to charge cash-paying customers up to reference prices for prescribed drugs & products; requires contracts between pharmacy benefit managers & pharmacy benefits plans & programs to prohibit PBMs from offering & implementing certain formularies; requires health insurers, Medicaid managed care plans, state group insurance programs & HMOs to provide reimbursement for covered prescription drugs & products up to reference prices; requires savings from such reimbursement limits to be used for certain purposes; limits changes that health insurance policies & health maintenance contracts can make relating to prescription drug formularies.
Last Action: 1/27/2026 House - Now in Health & Human Services Committee
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 12/9/2025 | House |
• Filed |
| 12/16/2025 | House |
• Referred to Health Care Facilities & Systems Subcommittee • Referred to Budget Committee • Referred to Health & Human Services Committee • Now in Health Care Facilities & Systems Subcommittee |
| 1/13/2026 | House |
• 1st Reading (Original Filed Version) |
| 1/16/2026 | House |
• Added to Health Care Facilities & Systems Subcommittee agenda |
| 1/21/2026 | House |
• Favorable by Health Care Facilities & Systems Subcommittee • Reported out of Health Care Facilities & Systems Subcommittee • Now in Budget Committee |
| 1/23/2026 | House |
• Added to Budget Committee agenda |
| 1/27/2026 | House |
• Favorable by Budget Committee • Reported out of Budget Committee • Now in Health & Human Services Committee |
