California considers selling its own generic prescription drugs
Found on Ars Technica on Friday, 10 January 2020
“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 healthcare is just too damn high, and California is fighting back.”
A plan for California to sell its own drugs would “take the power out of the hands of greedy pharmaceutical companies,” Newsom said, according to the Associated Press.
Anthony Wright, executive director of the advocacy group Health Access California, told the Associated Press that “Consumers would directly benefit if California contracted on its own to manufacture much-needed generic medications like insulin—a drug that has been around for a century yet the price has gone up over tenfold in the last few decades.”
This should be the general approach. Pharma companies have raised prices for important meds in the past, just because they can.