States act to keep drug prices down

Article Abstract:

Forty US states have introduced legislative proposals aimed at reining in drug spending. The proposals range from asking drug manufacturers for additional rebates on Medicaid health programs to requiring manufacturers to lower drug prices for the poor and elderly. The most significant action was taken by the state of Maine, which received federal approval to let state residents with incomes of up to 300% of the federal government level buy drugs at a discount.

Government regulation (cont)

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Pharmacies report no run on drugs for Y2K

Article Abstract:

Only a few drug stores have reported that consumers have already stocked up on necessary medications before the onset of the new millennium, in preparation for any Y2K-related problems. FDA spokesman William Hubbard said the agency has any incident of panic buying. Pharmaceutical companies are maintaining a 90-day supply of medications have made emergency plans in case water, telephone and electric power services are cut off.

Market information - general, Pharmacies and Drug Stores, Drug Stores, Drugstores

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