Here’s a news item that should scare every citizen of the Empire State. (And that includes me.)
New York State is preparing to ask drug companies to pay to get on a “preferred drug list.” To get their drugs on the list, companies would have to subsidize the state with heavy rebates. The state Health Department estimates the legislation could save $200 million in its first year of operation. Most drug companies will likely pay to get on the list, said Craig Burridge, executive director of the Pharmacists Society of the State of New York.
Is this how the folks in Albany want to determine what medicines are best for its citizens? By a pay-for-play formulary?
First the Giants and now this. Yikes.