Posted by Michael Wonder on 29 Sep 2020
California to use market power in bid to lower prescription drug costs
28 September 2020 - California will attempt to use its massive market power to increase the availability and lower the cost of prescription drugs under a bill Gov. Gavin Newsom signed into law Monday.
The new law requires the California Health and Human Services Agency to create partnerships designed to increase competition, lower prices and reduce shortages for generic prescription drugs.
Newsom said the measure brings the state “onCalifornia will attempt to use its massive market power to increase the availability and lower the cost of prescription drugs under a bill Gov. Gavin Newsom signed into law Monday.e step closer” to his January budget proposal for California to eventually create its own generic label.
