Saturday, October 29, 2016

Proposition 61: Drug Pricing Standards

       Hmmmm.  So you are not happy with the price of your medical prescriptions.  You are not alone.  The media has reported cases of obvious price gouging by big pharma companies.   Congress held hearings, asking for explanations.  Enter information that the VA medical system "negotiates" with drug companies and pays reduced prices for the same meds that many of us use.  Do we know what the VA pays?  No.   But, some folks think California should be able to "negotiate" like the VA for lower prices, saving state taxpayers a bundle along the way.  Sounds reasonable.  So, we have Prop 61-an initiative ballot prop. to do just that: negotiate with those monolithic corporate entities who own the patents to many meds thereby restricting access unless a stiff fee is paid by an insurer or the individual in need.
       As a result of this choice for voters on the ballot, big pharma is pouring over $100 millions into a campaign to defeat the measure, even threatening veterans with future higher prices for meds.   This immoral approach and unethical attitude only underscores the position of big pharma: profits at any price without regard for cost.   Most folks know that drug patents exist for a fixed period, then generics are allowed to compete.  Prices generally fall thereafter.  Big pharma like to push the envelop and squeeze as much as possible during the closed patent period.  Normal monopolistic behavior.
      So, in your selection of yes and no on Nov. 8th, consider the funding of the opposition: out of state millions to defeat an in state proposal to help reduce the cost of medical care and treatment for Californians: you and me.
Vote Yes

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