From On Pharma:
Pharmaceutical leaders worry about what a Congress led by Democrats might eventually mean for the industry, but their looming concern is a California law quietly passed this fall.
The law, which provides a glimpse of the type of government price controls the drug industry fears, seeks up to 60 percent price concessions from manufacturers to benefit 5 million California residents, including seniors enrolled in the federal Medicare prescription drug benefit.
Pharmaceutical leaders worry about what a Congress led by Democrats might eventually mean for the industry, but their looming concern is a California law quietly passed this fall.
The law, which provides a glimpse of the type of government price controls the drug industry fears, seeks up to 60 percent price concessions from manufacturers to benefit 5 million California residents, including seniors enrolled in the federal Medicare prescription drug benefit.
1 comment:
I'm noy from CA and was somewhat concerned a few years ago when I heard Arnie was running, and then further talk about changing the constitution to allow forign born citizens to run for President. BUT, Arnie is a moderate Republican, not the neocon Republicans which have seemingly taken over most of Washington these past 6 years.
Cheers
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