California and the Future of the US Rx Pricing | Pharmaceutical Executive

Read the full article: California and the Future of the US Rx Pricing | Pharmaceutical Executive:

"First of all, what does the California proposition mandate?

 “The California Drug Price Relief Act” states that any prescription drug obtained by the State of California shall be purchased at the same “fixed price” that is accorded to the U.S. Veterans Administration, i.e., at about a 42% of average wholesale price. This is a really low price that is accorded to the VA as gesture of drug industry support for the armed services. It was never meant to be a market price point, but that is exactly what may happen if this California initiative passes on Nov. 8th."

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