Will Gavin Newsom’s Drug Pricing Plan Save You Money?

Pills health careGov. Gavin Newson wants to deliver lower drug prices by harnessing the full weight of the state against the pharmaceutical industry, but it’s unclear whether his team can get a better deal without giving up something Californians want.

In his first act as governor, Newsom issued an executive order creating the largest single purchaser of prescription drugs in the country.

It combines negotiations for some 13 million people in government-administered plans like Medi-Cal and eventually invites other organizations to join. His argument centers on the idea that a bigger organization can extract a better price from pharmaceutical companies.

“We believe this will significantly reduce costs,” he said at a press conference last week, adding that he’d ask other governors if they want to participate. …

Click here to read the full article from the Sacramento Bee