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: 1/13/2026 House - 1st Reading (Original Filed Version)
Bill Text: PDF
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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)
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HB 697, Original Filed Version (Current Bill Version) Posted 12/9/2025 at 1:10 PM
Bill Text: PDF Analyses: None Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1158 Drug Prices and Coverage Grall Similar Last Action: 1/13/2026 S Introduced 
S 1760 Health Care Coverage Brodeur Compare Last Action: 1/13/2026 S Filed
Citations - Statutes (10)
Citation Catchline Location in Bill Location In Bill Help 381.02036 Page 3 (pdf) 465.0244 Information disclosure. Page 5 (pdf) 499.044 Page 5 (pdf) 626.8825 Pharmacy benefit manager transparency and accountability. Page 7 (pdf) 626.8827 Pharmacy benefit manager prohibited practices. Page 12 (pdf) 627.4231 Page 12 (pdf) 627.42398 Page 14 (pdf) 627.6699 Employee Health Care Access Act. Page 16 (pdf) 641.30 Construction and relationship to other laws. Page 19 (pdf) 641.31 Health maintenance contracts. Page 19 (pdf)