Now, The Ohio Drug Price Relief Act makes its way to Ohio. The bill, initiated by a California group headed by Michael Weinstein, is expected to cost Ohio $60 million in ad spending.
What is the Ohio Drug Pricing Relief Act
The Ohio Drug Pricing Relief Act aims to provide government agencies will not be charged a higher amount for prescription drugs than the Veteran’s Affair.
Essentially, the bill provides discounted price for prescription drugs to a select few.
President of the Ohio Pharmacy Association, Antonio Ciaccia argues that the bill does not actually lower prices, but instead cost shifts to employers and consumers.
The owner of Hock’s Pharmacy in Ohio, Jeff Bartone shares similar insight
as Ciaccia. Bartone notes that the Ohio Drug Pricing Act will cause pharmacies hundreds of millions of dollars in losses for prescription drugs that are used by the select few receiving the discount.
Those not receiving the discount will face price hikes, as large pharmaceutical industries are going to find ways to maintain profits.
For independently owned pharmacies such as Hock’s Pharmacy. The money lost on prescription drug discounts will potentially be recouped on other products in such stores.
Although the Ohio Drug Relief Act passing would be costly to Ohioans, there is still much confusion on which way to vote.
For consumers, the ads they’re seeing on TV are being run by pharmaceutical companies. The majority of individuals see these commercials and are under the belief that if a pharmaceutical company is running the ad then they should vote for the opposite.
This is quite the opposite of what they should do, argues Side Affects’ guests, Antonio Ciaccia and Jeff Bartone.
If you are looking for a detailed look at the Ohio Drug Relief Act and the possible ramifications of the bill passing, you do not want to miss this important episode of Side Affects.