Rite Aid Applauds Passage of Legislation to Help Patients Save on Prescription Drug Costs
Rite Aid Corporation (RAD)
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Source: Business Wire
‘Patient Right to Know Drug Prices Act’ and ‘Know the Lowest Price Act of 2018’ Would Help Pharmacists Better Inform Patients about Purchasing Options CAMP HILL, Pa.--(BUSINESS WIRE)-- Rite Aid Corporation (NYSE: RAD) today released the following statement praising the passage of the Patient Right to Know Drug Prices Act (S.2554) and the Know the Lowest Price Act of 2018 (S. 2553) by the U.S. House of Representatives. Passed in the Senate earlier this month, these bills prohibit so-called “gag clauses,” which restrict pharmacists from telling patients they could save money by paying the out-of-pocket cash price instead of using their insurance. “Rite Aid applauds Congress for passing the Patient Right to Know Drug Prices Act and the Know the Lowest Price Act of 2018. S. 2554 applies to private plans, while S. 2553 addresses patients covered under Medicare Part D and Medicare Advantage plans. Toge
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