California plans to launch own prescription drug label

[Origanalist]

California wants to become the first state to create its own prescription drug label, Gov. Gavin Newsom (D) announced Thursday morning.

As part of his 2020-2021 budget, Newsom wants to create the first-ever state generic drug label as part of a series of sweeping proposals designed to lower the cost of health care in the Golden State. He also wants public and private insurers to negotiate drug prices together to leverage lower prices.

According to a summary from Newsom’s office, the labeling proposal would increase competition by allowing select drugmakers to manufacture generic drugs on behalf of the state. It would bring down generic prices, thereby lowering prices for everyone.



HEALTHCARE
January 09, 2020 - 09:30 AM EST

California wants to become the first state to create its own prescription drug label, Gov. Gavin Newsom (D) announced Thursday morning.

As part of his 2020-2021 budget, Newsom wants to create the first-ever state generic drug label as part of a series of sweeping proposals designed to lower the cost of health care in the Golden State. He also wants public and private insurers to negotiate drug prices together to leverage lower prices.

According to a summary from Newsom’s office, the labeling proposal would increase competition by allowing select drugmakers to manufacture generic drugs on behalf of the state. It would bring down generic prices, thereby lowering prices for everyone.

“A trip to the doctor’s office, pharmacy or hospital shouldn’t cost a month’s pay,” Newsom said in a statement. “The cost of health care is just too damn high, and California is fighting back.”

Newsom also wants to force drug companies to bid in order to sell their drugs in the state marketplace.

According to the summary, the proposal would enable all purchasers — including public plans, private insurers, self-insured employers and others — to combine their purchasing power. Currently, California’s Medicaid program negotiates prescription drug prices separately from other state agencies.

More..https://thehill.com/policy/healthcar...ion-drug-label

[Pauls' Revere]

and we still can't build a train.

[nikcers]

and we still can't build a train.

Maybe tbey can afford one now that they are selling drugs

[Pauls' Revere]

Maybe tbey can afford one now that they are selling drugs

I'da thunk the taxes from pot sales would do that.

[Origanalist]

I posted this from a break at work. This has disaster written all over it.

[Pauls' Revere]

I posted this from a break at work. This has disaster written all over it.

Its one of the steps to initiate California single payer which is coming.

[Anti Globalist]

Something tells me this idea will spread to other states.

[Origanalist]

Something tells me this idea will spread to other states.

California is a cancer.

[The Rebel Poet]

California wants to become the first state to create its own prescription drug label, Gov. Gavin Newsom (D) announced Thursday morning.

As part of his 2020-2021 budget, Newsom wants to create the first-ever state generic drug label as part of a series of sweeping proposals designed to lower the cost of health care in the Golden State. He also wants public and private insurers to negotiate drug prices together to leverage lower prices.

According to a summary from Newsom’s office, the labeling proposal would increase competition by allowing select drugmakers to manufacture generic drugs on behalf of the state. It would bring down generic prices, thereby lowering prices for everyone.



HEALTHCARE
January 09, 2020 - 09:30 AM EST

California wants to become the first state to create its own prescription drug label, Gov. Gavin Newsom (D) announced Thursday morning.

As part of his 2020-2021 budget, Newsom wants to create the first-ever state generic drug label as part of a series of sweeping proposals designed to lower the cost of health care in the Golden State. He also wants public and private insurers to negotiate drug prices together to leverage lower prices.

According to a summary from Newsom’s office, the labeling proposal would increase competition by allowing select drugmakers to manufacture generic drugs on behalf of the state. It would bring down generic prices, thereby lowering prices for everyone.

“A trip to the doctor’s office, pharmacy or hospital shouldn’t cost a month’s pay,” Newsom said in a statement. “The cost of health care is just too damn high, and California is fighting back.”

Newsom also wants to force drug companies to bid in order to sell their drugs in the state marketplace.

According to the summary, the proposal would enable all purchasers — including public plans, private insurers, self-insured employers and others — to combine their purchasing power. Currently, California’s Medicaid program negotiates prescription drug prices separately from other state agencies.

More..https://thehill.com/policy/healthcar...ion-drug-label

But won't their drugs cause cancer?

[Pauls' Revere]

https://www.latimes.com/california/s...r-gavin-newsom

A broad overview of the ambitious but still conceptual plan provided by Newsom’s office says the state could contract with one or more generic drugmakers to manufacture certain prescriptions under the state’s own label. Those drugs would be available to all Californians for purchase, presumably at a lower cost. The governor’s office said the proposal would increase competition in the generic drug market, which in turn would lower prices for everyone.


So, who is going to ensure that the state competes fairly against a private company?

[Pauls' Revere]

Something tells me this idea will spread to other states.

https://www.latimes.com/california/s...r-gavin-newsom

“Every state has been frustrated with high drug prices,” said Trish Riley, executive director of the National Academy for State Health Policy. “They want to balance their budgets and these drug price spikes make it difficult. This could have tremendous impact.”


No other state has attempted to cut out the supply chain that leads to drug markups, Riley said, but there is another, smaller-scale model California can turn to.
More than 1,000 hospitals in 46 states are a part of a nonprofit company called Civica Rx, which formed in 2018 to manufacture generic injectable drugs used in hospitals to lower costs and create a stable supply of the medicines. The nonprofit delivered its first generic drug to hospitals in the fall, an antibiotic that had been in short supply.
“It’s an example of what aggressive purchasing can accomplish,” Riley said.
Democratic presidential candidate Sen. Elizabeth Warren of Massachusetts proposed a bill in 2018 to establish an Office of Drug Manufacturing, which would have allowed the federal government to make prescription drugs or contract with drug companies to produce them in order to lower costs for patients and reduce shortages. The bill did not advance, although Warren continues to promote the concept in her campaign.

[Mach]

I smell liability in the air.