HARRISBURG – A bill has been introduced to lower the cost of prescription drugs for Pennsylvanians. Senate Bill 1315 would tie prescription drug prices in PA to much lower prices charged to Canadian consumers. The proposal is based on model legislation unveiled in August by the National Academy for State Health Policy. The bill would require the state to create a list of the 250 most costly prescription drugs every year. PA’s Insurance Department would then establish a maximum rate paid by health insurance providers for each medication on the list based on Canadian pricing data. It would also require that premium reductions resulting from lower medication costs paid by insurers be passed along to consumers, and fines would be levied against insurers for violations. The bill is before the state Senate Banking & Insurance Committee for consideration.