This story is filed under Election 2005.
This segment was made available on Friday, October 28th, 2005.

Prop. 79 :: CC Guide to the Ballot Guides

 

Proposition 79 was rejected by voters in the November 2005 election.

PROP. 79

Prescription Drug Discounts. State-Negotiated Rebates

Should the state of California create a new prescription drug discount program for residents at or below 400 percent of the federal poverty level, and change state law to make it illegal to engage in profiteering from the sale of prescription drugs?

Provides drug discounts to Californians with qualifying incomes. Funded by state-negotiated drug manufacturer rebates. Prohibits Medi-Cal contracts with manufacturers not providing Medicaid best price.

Official Text (PDF)

This measure would use the state’s lucrative Medi-Cal program as a carrot to get drug companies to offer discounts on prescription meds. But it would also use a new and very big stick: penalizing pharmaceutical firms for “profiteering.”


Responses are currently closed, but you can trackback from your own site.
Comment on this story