On Monday, January 7th, asserting healthcare was a central pillar of his “California for All” agenda, newly elected Governor Gavin Newsom signed an executive order (EO) aiming to consolidate the state’s prescription drug negotiating power by fully transitioning the Medi-Cal pharmacy benefit to fee-for-service (i.e., carving-out pharmacy services from managed care) and by strengthening the state’s joint purchasing program for pharmaceuticals.
The Governor’s Proposed 2019-2020 Budget Summary contained many items of interest to the life sciences industry, though it also contained some notable exclusions, such as a lack any funding for precision medicine, which had been accounted for in Governor Brown’s budget proposals from the past several years.
All signs indicate major healthcare reforms will again take center stage in Sacramento next year – with a key question being how such proposals will fare under the newly elected governor, Gavin Newsom, and a Democratic supermajority in the legislature.
In October, the Administration unveiled a plan with the intention to lower Medicare Part B costs and medication list prices over 5 years. Specifically, the proposal will set certain Part B drug prices based on an “International Pricing Index” (IPI).
On Dec. 6th and 7th, CLSA welcomed a host of lawmakers to Yountville, California, for two days of educational presentations and panels on the life sciences industry.
The House of Representatives is expected to vote this month on a tax extenders package that, among other things, includes a 5-year suspension of the medical device excise tax.
At its Nov. 14 board meeting, CalPERS’ Pension and Health Benefits Committee directed its staff to move forward with a Request for Information (RFI) to implement a Full Reference Pricing Program, expanding from their currently proposed three drug class pilot (nasal corticosteroids, thyroid medications, and oral estrogens) to cover up to 70-80 drug classes.
CLSA’s federal government relations team is pleased to provide you with this update on the 2018 Midterm Elections, including the likely makeup of our incoming California delegation for the 116th Congress, and additional details on several key California congressional races you may be interested in.
CLSA’s state government relations team is pleased to share a brief update on some anticipated changes in the makeup of our California Legislature, state government and offer additional details on several key California races you may be interested in.