Not Waiting for the Feds, Some States Are Tackling Drug Pricing
Thursday, June 9, 2016
Source: Morning Consult
Like the rest of the country, Californians will head to the polls on Nov. 8 to vote for a new President and Congress. The liberal state is also known for offering a laundry list of ballot initiatives each election cycle covering issues ranging from agriculture to the entertainment industry to healthcare.
This year, Golden State residents will vote on the Drug Price Relief Act, which would require the state to pay no more for prescription drugs than the US Department of Veterans Affairs rates. The initiative is sponsored by the AIDS Healthcare Foundation and may impact three to seven million Californians currently, such as those on Medicaid and who receive other state healthcare benefits.
Democratic presidential candidate Bernie Sanders supports the measure. And anything with the pharmaceutical industry’s disdain is bound to be supported by a good chunk of the California public.
For over a year, surveys have shown that Americans are fed up with high drug prices. Presidential candidates are talking about solutions on the campaign trail. HHS has even proposed a controversial Part B drug demonstration (that is likely to be scaled back due to stakeholder opposition).