Virginia governor vetoes plans to create a prescription drug affordability board

Virginia Gov. Glenn Youngkin vetoed a bill that would have created a Prescription Drug Affordability Board in Virginia with the aim of capping the cost of prescription drugs. This concept is being explored by lawmakers in various states as a way to control state spending on medicines. While seven states have already established such boards, there has been recent activity in this area due to the rising costs of prescription drugs. The Board would have set upper payment limits for certain medicines for Virginia residents covered by government agencies or commercial health plans. This move reflects a trend among states to address the issue of escalating prescription drug costs.

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