prescription drugs; price limits

SB 1403 sets Arizona's maximum allowable price for certain prescription drugs at the federal "maximum fair price" established by the U.S. Department of Health and Human Services. It directly affects pharmacies, insurers, and drug sellers in Arizona by prohibiting them from charging or seeking reimbursement above this federal benchmark for covered drugs during the applicable price period. The bill creates enforcement through the Attorney General for violations, treating them as consumer fraud under state law, and allows affected individuals to file private lawsuits. This aligns Arizona drug pricing with federal standards without creating new state price-setting authority.