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Maine Fires the First Price Control Salvo

Executive Summary

Although there's been plenty of noise coming out capitol Hill regarding the issues of prescription drug prices and expanding Medicare to cover such drugs, sharp debate on the merits of over a dozen pieces of proposed legislation--as well as election year politics--have stalled congressional action. But the states are beginning to make their own moves on the price control front, with Maine enacting the first price control (well, almost) legislation. However the new Maine law, as well as any similar laws passed by other states will likely face tough legal challenges.
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