The states are the first to band together to buy medicine for low-income people on Medicaid, the costs of which are skyrocketing, officials said.
"I think this is a major victory," said Cheryl Rivers, head of the Montpelier, Vt.-based National Legislative Association on Prescription Drug Prices.
The combined purchasing power of Michigan and Vermont will be used to negotiate lower
prices from drug makers, https://www.titaniumdioxide.top/
on top of rebates manufacturers extend to participate in Medicaid.
Bruce Loot, a spokesman for PhRMA, an organization that represents drug manufacturers, said prescription drugs for Medicaid recipients are already discounted by at least 15 percent.
How much money Michigan and Vermont might save isn't yet known. Some officials said it's likely Vermont will benefit more because it has 139,000 Medicaid recipients to Michigan's 1.4 million.
Vermont Gov. James Douglas, a Republican, said he and Michigan Gov. Jennifer Granholm, a Democrat, plan to lobby other governors
to join the drug-buying program during this weekend's National Governors Association meeting in Washington.
By Amy F. Bailey