Governor Katie Hobbs, alongside Senator Eva Burch, has introduced a groundbreaking piece of legislation, SB1533, aimed at increasing transparency and accountability within the prescription drug industry to make medications more affordable for the residents of Arizona. The announcement was made at a local independent pharmacy in Phoenix, where Governor Hobbs detailed her strategy to combat price-gouging by intermediaries, aiming to reduce expenses for Arizonans and safeguard taxpayer funds.
During the event, Governor Hobbs was joined by various stakeholders, including Teresa Dickinson, the owner of Melrose Pharmacy, and Marshall Militano, a retiree facing financial challenges due to escalating prescription drug costs. Dickinson shared insights into how price-gouging by middlemen has complicated the provision of services to her clients, while Militano highlighted the personal financial strain caused by rising medication prices.
A Closer Look at SB1533
Governor Hobbs’ plan as detailed in SB1533 focuses on several key areas: