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California lawmakers will consider limits on prescription drug costs
Sacramento Business Journal

Besides a special session on Medi-Cal, the big health care issue waiting action by lawmakers when they return from summer recess today is the high cost of new specialized prescription drugs.

People need them but the costs are jaw dropping: A new drug that cures Hepatitis C with minimal side effects costs $94,000. The question for lawmakers is how to make them affordable.

A per-prescription cap on out-of-pocket costs for patients does that but does nothing to encourage drug companies to lower costs — and is likely to prompt health plans to raise premiums because they’ll have to pick some of the tab.