California Gov. Jerry Brown signed a bill into law Monday that requires pharmaceutical companies to disclose price increases of 16% or more to state officials. Industry groups hate the bill, but consumer groups have hailed the measure as a needed step to address high drug prices.
Point to consider: As the industry has mentioned, California's law does not require insurance companies or pharmacy benefit managers to disclose rebates and discounts they get from drug companies — meaning the prices drug makers disclose could be higher than what many consumers actually pay.
President Trump will issue a new executive order this week rolling back a handful of Obama-era health care policies and expanding access to cheaper, less comprehensive insurance plans, The Wall Street Journal reports.
What it means: Association health plans and short-term insurance function similarly: They create lower-cost, less comprehensive options that are most likely to appeal to healthy people.
