California Governor set to sign mandatory drug discount bill

Share this article:
California Governor Arnold Schwarzenegger is poised to sign a bill sent to him Thursday that would impose mandatory prescription drug discounts for consumers in that state, The San Francisco Chronicle reported. Schwarzenegger said he would sign the bill giving discounts of about 40% for brand name drugs and 60% for generics to consumers who would otherwise have to pay full retail price. In return, consumers will pay a $10 yearly enrollment fee. Discounts will be limited to households that make up to three times the federal poverty level – about $60,000 per year for a family of four. Pharmaceutical companies will have until Aug. 1, 2010, to comply voluntarily. If they fail to meet the “benchmark” discount levels, they face being taken off the preferred drug list by the state’s Medi-Cal program, which provides approximately $4 billion in Rx drugs annually to the state’s poor and elderly, The Chronicle report said. 
Share this article:
You must be a registered member of MMM to post a comment.


Patient access to pharmaceuticals is a tale of two worlds—affordability has improved for the majority, while the minority is hampered by cost, distribution and red tape. To provide marketers with a well-rounded perspective, MM&M presents this e-book chock full of key insights. Click here to access it.