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California Aims To Flex Market Power On Prescription Drugs – CBS Sacramento

SACRAMENTO, Calif. (AP) — California lawmakers on Monday moved to use the most populous state’s market power to lower the cost and increase the availability of prescription drugs for its nearly 40 million residents, with supporters citing the coronavirus pandemic as proof that more is needed to reduce shortages in drugs and other medical supplies.

The state Assembly approved legislation that would require the California Health and Human Services Agency to create partnerships designed to increase competition, lower prices, and reduce shortages for generic prescription drugs.

However, the measure stops short of Gov. Gavin Newsom’s January budget proposal for the state to create its own generic label. […]

Source: California Aims To Flex Market Power On Prescription Drugs – CBS Sacramento



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