Posted by Michael Wonder on 09 Jan 2020
California plan would upend drug prices, though obstacles abound
9 January 2020 - Newsom wants to create state-run wholesaler, pool buying power.
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.
