A proposal at the Capitol would eliminate Wisconsin's minimum mark-up law for prescription drugs.
Wisconsinites would be able to cash in on lower prices for prescription drugs, under legislation from State Representative Sheldon Wasserman (D-Milwaukee). The bill would allow pharmacies to sell prescription drugs at a price below their cost, which Wasserman says would lead to big savings for consumers. The Milwaukee Democrat expects the proposal to lead to a competitive marketplace.
Several large retail chains are already offering some generic drugs at $4 a prescription. However, Wisconsin stores can only sell drugs that cost that much normally for that price. As a result, Wasserman says some states are seeing lower prices while the Badger state is not. He says a prescription that costs $30 in Milwaukee can be picked up for $4 just across the border in Illinois.
The bill is set for a legislative hearing on Tuesday.