States Aren't Waiting for the Federal Government to Move on Drug Prices

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States Aren't Waiting for the Federal Government to Move on Drug Prices

Oct, 24th 2016

Despite widespread public furor over the soaring of prescription drugs and accusations of price-gouging against pharmaceutical firms, the federal government has to date failed to find a solution. Some states aren’t waiting around for it to deliver.

California residents will vote on a ballot initiative, Proposition 61, on Nov. 8 that would ensure state agencies pay the same or less for prescription drugs as the U.S. Department of Veteran Affairs. The federal agency gets a 24 percent discount off the list price, and often negotiates even steeper discounts on a drug-by-drug basis.

The measure would come into play when the state buys drugs directly, such as for prison inmates, and when California directly or indirectly covers drugs, including when it reimburses pharmacies for drugs given to residents covered by state...

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