In a surprise move, Maryland Gov. Larry Hogan vetoed state funding for a “Prescription Drug Affordability Board,” which was created last year to establish maximum prices that the state and local governments will pay for “high-cost” medicines.

The entity is designed to function like rate-setting boards that regulate what public utilities can charge residents. The board emerged last year after the U.S. Supreme Court scuttled a state law that aimed to bar drug makers from “price gouging” consumers. The pharmaceutical industry opposed its creation by arguing it was a form of price controls and, ultimately, would have limited choices for state residents.

Unlock this article by subscribing to STAT Plus and enjoy your first 30 days free!

GET STARTED

What is it?

STAT Plus is STAT's premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.

What's included?

  • Daily reporting and analysis
  • The most comprehensive industry coverage from a powerhouse team of reporters
  • Subscriber-only newsletters
  • Daily newsletters to brief you on the most important industry news of the day
  • Online intelligence briefings
  • Frequent opportunities to engage with veteran beat reporters and industry experts
  • Exclusive industry events
  • Premium access to subscriber-only networking events around the country
  • The best reporters in the industry
  • The most trusted and well-connected newsroom in the health care industry
  • And much more
  • Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.

A roundup of STAT’s top stories of the day in science and medicine

Privacy Policy