This bill proposes the addition of a new section, designated 30-5-37, to the Code of West Virginia, 1931, which mandates that participants in the federal 340B Drug Pricing Program report specific data to the Board of Pharmacy. The bill defines a "340B covered entity" and outlines the information that must be reported annually by these entities before April 1. This includes details such as the name of the entity, aggregate acquisition costs for prescription drugs, payments received for dispensed drugs, payments made to pharmacies under contract, the number of claims for prescription drugs, and how savings from the program are utilized, particularly for charity care and community benefits.

Additionally, the bill stipulates that the reported data must be categorized by payer type, including commercial, Medicaid, and Medicare. It ensures the confidentiality of the submitted data, which will not be publicly accessible. Furthermore, the West Virginia Board of Pharmacy is required to compile and analyze the reported data into an annual report, which must be submitted to relevant legislative committees and posted on the Board's website by November 15 each year.

Statutes affected:
Introduced Version: 30-5-37