California Prop 34: Mandating prescription drug profits to fund patient care

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Federal law lets health care providers who serve low-income and at-risk patients buy prescription drugs at a discount and then sell them at retail rates.

Providers are supposed to put the profits from those sales toward expanding patient services, but there’s some leeway on that spending.

California Proposition 34 would change that by requiring certain providers to spend at least 98% of that money directly on patient care…

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