Price Controls, California and a Taste of Things to Come?

Boston.com just posted the following interesting item by Boston Globe reporter Dietra Henderson: 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. To read the entire article, please click here. -AMS