City Council’s Committee on Finance meets Tuesday morning to discuss a resolution [R2017-208] and an ordinance [O2017-4915] related to prescription drug pricing. The ordinance, sponsored by Chairman Ed Burke (14) and Ald. Sophia King (4), mandates that “pharmaceutical manufacturers whose drugs are sold in Chicago must disclose price hikes 90 days in advance if those increases fall into one of a series of categories. It also calls for the establishment of a price review board by the Health Department.” About a half dozen people are expected to testify in support. The Chicagoland Chamber of Commerce and CVS have both lobbied against the requirements, but aren’t expected to testify.

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