California and the Future of the US Rx Pricing

Once again, in this very political year of 2016, California, America’s most populous state, is in the process of potentially establishing a new, disruptive healthcare policy that is proving to be very concerning to the American Rx industry. It’s called “The California Drug Price Relief Act” and to no one’s surprise, it’s the Golden State that is the first to actively consider the idea.

California’s historical healthcare heritage

California has a long tradition of adopting cutting edge healthcare concepts. Specifically, its citizens seem to delight in thrashing out major healthcare controversies in the midst of public elections. For example, during the 2012 general election, Californians were asked to consider a significant healthcare proposition that would have increased cigarette taxes to facilitate further research on cancer. This year, it’s Rx drug pricing.

To this point, according to a recent report from the USC Price School of Public Policy, entitled, “The Many States of California”, the issue of healthcare, even considering the incredible cultural and economic differences that exist within the state, is consistently ranked statewide as one of the top three public concerns of Californians.

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