OKLAHOMA CITY - The State Chamber of Oklahoma is throwing its support to a legal challenge that increases prescription drug costs.
OKLAHOMA CITY - The State Chamber of Oklahoma is throwing its support to a legal challenge that increases prescription drug costs.
House Bill 2632 was signed into law in May 2019.
Due to the pending lawsuit, an agreement was reached on Nov. 5 to halt the implementation of certain provisions of the legislation.
“During this most recent legislative session, we joined a statewide coalition of Oklahoma businesses and non- profits to oppose House Bill 2632, which will increase the prescription drug costs for consumers and employers,” said Fred Morgan, State Chamber of Oklahoma CEO and president.
The law is a misguided attempt to legislate a higher profit margin for pharmacists at the expense of families that need access to affordable prescription drugs, he said.
“As legal experts predicted during session, this law is now being challenged in federal court. Furthermore, this is the fourth such challenge to this type of state law,” Morgan said.
Similar laws have already been overturned by the courts in at least two other states and challenged in a third, he said.