Industry Aims to Defeat Discount Drug Initiatives

Industry Aims to Defeat Discount Drug Initiatives (Source: LA Times)

From the article:

The (pharmaceutical) industry already has raised an unprecedented $8.6 million to defeat a ballot initiative being readied by Health Access California, an Oakland-based nonprofit...

The Health Access measure would compel drug makers to offer discounts to 6 million to 10 million Californians — making a substantial dent in the industry's profits...

The companies are treating that approach, which is paralleled by Democratic legislation pending in the state Assembly, as far graver than last year's press to allow the importation of Canadian drugs.