A recent report by the Center for American Progress outlines how states can take action to reduce prescription drug spending.
According to the report, states looking to reduce spending face a number of major challenges.
“Federal law preempts the most sweeping, comprehensive state reforms that could lower prescription drug prices,” the report states. “Moreover, the complexity of the prescription drug supply chain and the myriad interactions that different state agencies have with different parts of the supply chain require a multifaceted approach. However, given the budgetary pressure that drug prices put on states, as well as the harm excessive prices have on residents’ health and finances, many states are considering various policy changes.”
To read the full report, click here.