Welcome
Health Law & Business News

California Plan Would Upend Drug Prices, Though Obstacles Abound

Jan. 9, 2020, 2:00 PM

California’s governor unveiled plans to establish a state-run generic-drug wholesaler, as part of a series of measures that together would constitute one of the furthest-reaching attempts to curb pharmaceutical costs in the U.S.

Governor Gavin Newsom on Thursday also proposed creating a single market that would allow drug buyers to pool their bargaining power to drive down costs. And Newsom suggested using low prices obtained by the state’s Medicaid program to aid other buyers, among other steps.

The most populous U.S. state, California has a history of using its economic muscle to try to influence national policy on everything from...

To read the full article log in. To learn more about a subscription click here.