Whitmer’s New Law to Lower “Outrageous” Michigan Drug Prices AARP says Michiganders pay “outrageous” prices for their prescription drugs. Now a new bill, signed by Governor Whitmer with support from both parties, is bringing relief.

By Main Street Sentinel Staff

Americans pay three times more than other countries for the same name brand drug – and in recent years, it’s only gotten worse. The average annual cost of prescription drug treatment increased 26.3 percent between 2015 and 2019, while annual income for Michigan residents only increased by 16.6 percent. For example, the average cost for one name brand drug used on an annual basis was $6,426 – almost $1,338 more than in 2015.

AARP calls that “outrageous” – and they should know: they’ve compiled the eye-opening data listed above. In fact it’s so outrageous, the group has issued a no-nonsense call to the U.S. Congress: “Stop unfair drug prices”.

But while Congress has yet to act, Governor Whitmer has already signed legislation designed to lower the cost of prescription drugs, stop anti-competitive practices, and save money for Michigan families.

Passed with support from Republicans and Democrats, the new legislation will curb drug costs by licensing pharmacy benefits managers (PBMs), middlemen who control whether patients can access their prescriptions, and how much they pay. The new laws stop PBMs from using unfair practices to drive up prices for community pharmacies and patients alike.

“This bill brings much-needed transparency to our healthcare system,” said Governor Whitmer at the bill signing last week, “and is a testament to what we can do when we put Michiganders first.”