“As California goes….”
In fiscal year 2014-2015, California spent nearly $3.8 billion on prescription medicines, equal to the entire GDP of Malawi. A bit over 80 percent of this amount was for Medi-Cal (the Medicaid welfare program) and the Public Employees’ Retirement System (CalPERS). In California, state agencies negotiate medicine prices with manufacturers. In some situations, different state
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