California flag InCalifornia, the amount the state government spends on prescriptiondrugs has risen 20 percent per year since 2012. (Photo:Shutterstock)

California Gov. Gavin Newsom says he's done waiting for thefederal government to curtail the rising cost of prescription drugs.

Newsom has his own plan to ease that financial burden— one he hopes other states can join or replicate.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.