Posted Monday --- December 31, 2007
Wasserman seeks to do away with minimum markup law for drugs
MILWAUKEE (AP) -- A Milwaukee physician serving in the state Assembly is proposing legislation that would do away with the state's minimum markup law as it applies to prescription drugs.
Democratic state Representative Sheldon Wasserman says there's a health care crisis going on Monday, and one of the biggest components is drug prices.
The proposed bill involves the Unfair Sales Act, which sets a minimum markup of nine percent for gasoline and prohibits retailers from selling products for less than their wholesale cost.
Republican Representatives Bill Kramer of Waukesha and Leah Vukmir of Wauwatosa have proposed legislation that would repeal the law and replace it with new legislation.
But Wasserman contends his bill, which would affect only prescription drugs, stands a better chance of becoming law.
He says "it's very different when we are talking about life-and-death pharmaceuticals."
But Chris Decker, the Pharmacy Society of Wisconsin's chief executive, says prescription drugs should not be treated differently than other consumer goods.