California Discount Drug Deal Draws Ire

Law360, New York (August 23, 2006, 12:00 AM EDT) -- A deal being brokered by Democratic leaders and California’s governor that would slash prescription drug costs for more than 5 million poor and middle-income residents of the state is nearing completion, even as the pharmaceutical industry rails against it.

Under the proposed plan, California residents earning less than three times the federal poverty level—$60,000 per year for a family of four—would be given discount drug cards that would hack as much as 40% off the price of brand-name drugs and up to 60% off the cost...
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