News Headlines Article

Ballot measure would limit drug costs for state programs
Sacramento Business Journal

A new poll suggests widespread support for a measure headed for the 2016 ballot that would cap prescription drug prices paid by state programs. The California Drug Price Act would prohibit the state from using taxpayer money to pay more for any prescription drug than the amount paid by the U.S. Department of Veterans Affairs. Unlike other government programs, the VA uses its bargaining power to negotiate prices. As a result, it pays about 20 percent less for drugs than other government agencies.