>>Big Pharma Lobbying Hard Against Proposed Bill to Cap Prescription Drug Costs in VA
(Richmond, VA) -- Drug companies are lobbying against a bill in Virginia that aims to cap the cost of certain prescription drugs. Thomas Cage with more.Preview: Voicer Script:
The bill's sponsor, Delegate Karrie Delaney, believes the opposition from drug manufacturers and pharmacy benefit managers's significant spending indicates the potential effectiveness of creating a board of experts with the power to limit drug prices in the commonwealth. Critics argue that drug affordability boards in other states have not provided patient savings, can hinder access to medicines, kill jobs, and could hinder research and development. The Richmond Times Dispatch reports the bill has bipartisan lawmaker support.