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posted by janrinok on Tuesday January 14 2020, @02:35AM   Printer-friendly
from the states'-rights-eh-eh? dept.

California considers selling its own generic prescription drugs:

California could become the first state to introduce its own brand of generic prescription drugs in an effort to drag down stratospheric healthcare costs. The plan for state-branded drugs is part of California Gov. Gavin Newsom's budget proposal, which he is expected to unveil Friday, January 10.

"A trip to the doctor's office, pharmacy or hospital shouldn't cost a month's pay," Newsom said in a statement. "The cost of healthcare is just too damn high, and California is fighting back." A plan for California to sell its own drugs would "take the power out of the hands of greedy pharmaceutical companies," Newsom said, according to the Associated Press.

Under the plan, the state would contract with one or more generic drug companies, which would manufacture select prescription drugs under a state-owned label, according to an overview of the plan reported by the Los Angeles Times. Those state generics would presumably be offered to Californians at a lower price than current generics, which could spark more competitive pricing in the market overall.

So far, much of the plan's details are unclear, though, including which drugs might be sold and how much money they could save residents and the state.

The conceptual plan so far has garnered both praise and skepticism from health industry experts.

Anthony Wright, executive director of the advocacy group Health Access California, told the Associated Press that "Consumers would directly benefit if California contracted on its own to manufacture much-needed generic medications like insulin—a drug that has been around for a century yet the price has gone up over tenfold in the last few decades."


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  • (Score: 3, Informative) by Anonymous Coward on Tuesday January 14 2020, @04:34AM (5 children)

    by Anonymous Coward on Tuesday January 14 2020, @04:34AM (#942995)

    Yea, its called the fed printing money and giving it to their buddies in the government and big banks. Whoever gets the money first gets the advantage, wherever the spend/loan it gets second advantage, etc. This is called the Cantillion effect: https://en.m.wikipedia.org/wiki/Richard_Cantillon [wikipedia.org]

    You've been alerted, now you have no excuse to further support this crony socialist monetary system.

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  • (Score: 1, Informative) by Anonymous Coward on Tuesday January 14 2020, @12:39PM (4 children)

    by Anonymous Coward on Tuesday January 14 2020, @12:39PM (#943065)

    Socialist (Not the oligarchical faux socialism/communism the world has seen so far) would ensure everybody got the same amount of money, but thanks to the inflation they would still only have the same amount of purchasing power that they had before printing more :)

    People really should think more about the comments they make and their accuracy.

    • (Score: 0) by Anonymous Coward on Tuesday January 14 2020, @03:05PM (3 children)

      by Anonymous Coward on Tuesday January 14 2020, @03:05PM (#943091)

      Fascist = Socialist
      https://mises.org/library/vampire-economy [mises.org]

      • (Score: 0) by Anonymous Coward on Wednesday January 15 2020, @04:33PM

        by Anonymous Coward on Wednesday January 15 2020, @04:33PM (#943654)

        No, not really. You need to do more reading. A situation where socialism is inevitable because of economy crashing does indeed provide a fertile ground for fascism and scapegoatism. That does not mean that all socialism must be fascism nor vice versa.

      • (Score: 0) by Anonymous Coward on Wednesday January 15 2020, @08:33PM

        by Anonymous Coward on Wednesday January 15 2020, @08:33PM (#943769)

        You should never read mises.org, it is a platform for rightwing nutjobs to spew their ignorant interpretations in order to prop up the magic Capitalism(tm).

        Funny how fascists need to project their failings on to others using lies and deception. Almost like they don't want their supporters to understand reality????

        Keep marching little neo-nazi, one day you'll get your white picket fence in a white cross burning neighborhood....

      • (Score: 0) by Anonymous Coward on Wednesday January 15 2020, @10:18PM

        by Anonymous Coward on Wednesday January 15 2020, @10:18PM (#943804)