Michigan joins wave of states trying to limit drugmakers' ability to raise prices

Fierce Pharma ------- Saying they are tired of waiting for Congress to act, state legislators are pushing Michigan to join a wave of other states that are putting pricing restraints on drugmakers. Legislators there have introduced a bill that, among other provisions, would require drug manufacturers to justify price hikes of more than 10% in one year or 30% over five years and allow for penalties of up to $100,000 a day for companies that refuse. Claiming no one else is taking steps to help residents who have to choose between paying their bills or buying their meds, legislators say they decided to act themselves. To learn more click on the picture below to read the article.