Calif. Lawmakers Hope Shining Spotlight On Drugmakers Will Keep Prices In Check
But drugmakers say the transparency requirements in the proposed legislation would create a distorted view of drug pricing, failing to account for negotiated discounts or price decreases.
The Associated Press:
Advocates Hope Shaming Drugmakers Discourages Price Spikes
Frustrated by the rising cost of prescription drugs, California health advocates hope sunlight and a dose of shame will discourage drugmakers from raising their prices too quickly or introducing new medications at prices that break the bank. They're promoting legislation that would require drugmakers to provide advance notice before making big price increases. Pharmaceutical companies have come out in force against the measure, warning it would lead to dangerous drug shortages. (Cooper, 7/10)