Why Gavin Newsons plan to negotiate with drug companies will not lower prices

Why Gavin Newson’s plan to negotiate with drug companies will not lower prices

01:04 EST 16 Jan 2019 | Healthcare Economist

In one of his first acts as California Governor, Gavin Newson has proposed a way to reduce drug price: let California use its size to negotiate directly with pharmaceutical firms. As the N.Y. Times reports: [O]n Monday, Mr. Newsom signed an executive order proposing a plan that would allow California to directly negotiate with drug manufacturers. The…

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