The Traderszone Network

Published in TZ Latest News 16 November, 2016 by The TZ Newswire Staff

Drugmakers Cheer California’s Drug Price Decision

Drug prices are rocketing higher, and that’s a big problem for state healthcare budgets. In California, a bid to crimp runaway drug spending by tying its drug prices to the prices paid by the Department of Veterans Affairs appeared on last Tuesday’s ballot. That measure — Proposition 61 — could have cut California’s drug spending significantly, yet voters rejected the measure after deciding that the risk of unintended consequences was too great.

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