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New California Bill Would Force Drugmakers to Explain Price Hikes

Posted 11-28-2017 at 07:06 AM by MelissaKayLife


The shocking and disappointing medicine increases over the last few years have placed many seniors in a very desperate situation. When the CEOs of the companies raise these prices with no explanation or by cynically stating that it’s to make more money, it can be hard not to feel cheated and unprotected. Seniors with low incomes or very tightly controlled financial situations can’t afford to have their live-saving medications denied to them in this way.

However, this problem could change soon if a recent California bill becomes the new standard for the nation. This law was recently passed by the legislature in the state but has yet to be signed into law. It states that companies who raise their medication prices have to explain these increases.
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