An Act relative to drug prices paid by carriers

This bill directs Massachusetts insurance regulators to create rules ensuring that health insurance companies do not pay more for prescription drugs than the lowest price paid under federal Medicare or Medicaid programs. It specifically targets carriers, which are the insurance entities responsible for covering medical costs for residents. By setting this price ceiling, the legislation aims to lower the cost of medications for patients and reduce expenses for insurers. The law is designated as an emergency measure to immediately improve access to medical services in the state.