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North Dakota Enacts Price Transparency Law
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Similar to the laws of several other states, the North Dakota law contains three main disclosure requirements that apply to “drug manufacturers”
The Governor of North Dakota signed House Bill 1032 into law on April 27, 2021, making it the latest state to enact a law focused on drug price transparency. The law also contains disclosure requirements applicable to pharmacy benefit managers and health insurers.
Similar to the laws of several other states, the North Dakota law contains three main disclosure requirements that apply to “drug manufacturers”: (i) quarterly Wholesale Acquisition Cost (WAC) reporting, (ii) disclosure of certain information upon a drug price increase, and (iii) notification when introducing a new drug with a WAC that exceeds certain price thresholds.