11/9/2005

California voters decisively defeated a pair of ballot initiatives aimed at reducing the price of prescription drugs: one imposing discounts, the other allowing the state to negotiate discounts with drugmakers. The pharmaceutical industry led a record-setting $80 million campaign to defeat Proposition 79 that would have required discounted drug prices for uninsured Californians but also lost its alternative Proposition 78 that would have made discounts voluntary.

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