Edward P. Hernandez

Shining a light on prescription drug pricing

Shining a light on prescription drug pricing

After years of failed efforts, the California Legislature may finally pass a bill that responds to the problem of rising prescription drug costs. But temper your enthusiasm: Though this measure (SB 17) has been fiercely resisted by the pharmaceutical industry, it wouldn’t actually stop manufacturers from raising their prices as high as they think the market will bear. It would just make them reveal more about the cost and value of their drugs as they do so.

Some lawmakers and consumer advocates would like to go further, capping drug prices in some fashion. But efforts to control drug prices through legislation or the ballot have failed, in part because of heavy industry opposition...

EDITION: California | U.S. & World
75°