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Battle Over California Drug Pricing Initiative Could Be One Of The Most Expensive

Prescription pills are shown on top of $20 bills, on Dec. 11, 2012.

Credit: Chris Potter / flickr

Above: Prescription pills are shown on top of $20 bills, on Dec. 11, 2012.

Battle Over California Drug Pricing Initiative Could Be One Of The Most Expensive

GUESTS:

Michael Weinstein, president, AIDS Healthcare Foundation

Kathy Fairbanks, spokeswoman for opponents of the measure

Transcript

The pharmaceutical industry has already poured in more than $49 million to fight a November ballot initiative that aims to control the price of prescription drugs in California.

The measure, called the California Drug Price Relief Act, would prohibit any state agency from paying more than the federal Department of Veterans Affairs pays for prescription drugs.

The pharmaceutical industry calls the initiative flawed, and says it could have adverse consequences for the state.

The sponsor of the measure, the Los Angeles-based AIDS Healthcare Foundation, argues the public is fed up with sky-high drug prices, and wants the state to do something about it.

Michael Weinstein, president of the AIDS Healthcare Foundation, and Kathy Fairbanks, a spokeswoman for opponents of the initiative, discuss the controversial measure Thursday on Midday Edition.

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