Sacramento, CA–Governor Gavin Newsom of California today announced that he has signed legislation to bring down the cost of prescription drugs for taxpayers, employers and consumers.
Earlier this year, Newsom announced a first-in-the-nation plan to lower the cost of prescription drugs by creating Cal Rx – a state-sponsored generic drug label. SB 852 by Senator Richard Pan (D-Sacramento), brings that proposal one step closer to reality. Under the bill, the California Health and Human Services Agency (CHHS) will develop manufacturing partnerships to produce or distribute generic prescription drugs, making essential medications affordable and accessible to more patients. It would also inject much needed competition into markets that have driven up prices for consumers and help address critical drug shortages.