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Salt Lake City, Utah: Today, Republican state legislator Norman Thurston introduced groundbreaking legislation to create a safe, state-run prescription drug importation program that would import high-cost drugs from Canada, where prescription drugs cost 30 percent than in the United States.Salt Lake City, Utah:
The proposal for a whole-sale importation program of select, higher-cost drugs that are already licensed for sale in Canada would be among the first in the nation and promises to generate significant cost savings for the state of Utah and its consumers. The Utah bill closely follows model legislation developed by the National Academy for State Health Policy ( NASHP ), a nonpartisan group that works closely with state policymakers to develop state legislative and regulatory strategies to rein in pharmaceutical costs.
For more than a decade, Thurston, a respected health care advocate and member of NASHP’s Pharmacy Cost Work Group , has worked tirelessly to reduce state spending on prescription drugs. Aware of his “red” state’s concerns about regulations and the complexity of drug price transparency legislation implemented in other states, Thurston took a different approach to rein in drug costs by proposing drug importation.
“Utah will control which drugs are imported and will monitor this program so the savings make it all the way down to consumers when they fill prescriptions,” said Thurston. “The State of Utah pays for drug benefits for a quarter of its population, including state and local governmentemployees and retirees, teachers, and Medicaid enrollees. At some point, we need to ask ourselves, ‘as a major drug purchaser,why aren’t we getting a better deal?’ Other major purchasers such as Canada and Europe get a much better deal than us.”
“The time is right for a well-run state importation program, considering the US drug market already relies heavily on pharmaceutical drug importation,” observed NASHP Executive Director Trish Riley. Currently:
“Consumers continue to be outraged by the price of necessary prescription drugs, and the federal government has not acted to stem the cost of drugs,” noted Riley. “States can be great laboratories for innovation and this is a great opportunity for Utah to be a national leader and develop new approaches that can be adopted by other states and ultimately by the federal government.”
By Money Morning News Team , Money Morning •
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In trying to find the most profitable opportunities in the crypto space for our readers, we found an IOTA price prediction that shows gains of 316.66% by the end of 2018.IOTA price prediction
TheIOTA (MIOTA) cryptocurrencystands apart from other digital coins because it is focusing on becoming the backbone of the "Internet of Things" (IoT).
Creators of the IOTA system want to be a trusted conduit for the flow of IoT data by helping connect devices through IOTA's encrypted network.
Clayton Daniel, a fintech investor, believes the price of IOTA will reach $5 by the end of 2018, which is a gain of more than 300% from the price of $1.26 on March 26.
But this forecast could be too conservative, since IOTA's involvement with IoT could produce much higher gains.
Here are some of the reasons why IOTA is not like any other cryptocurrency, and why this price prediction has some real potential…
There are currently more than 1,500 cryptocurrencies , so only the ones that stand out above the others will survive and even have a chance at substantial gains.
IOTA meets the requirements of a strong contender based on its team, which is backed by exceptional experience, knowledge, and diversity.
IOTA was founded in 2015 in Germany by David Sonstebo, Sergey Ivancheglo, Dominik Schiener, and Sergeui Popov.
The code for IOTA was written from scratch, which sets it apart from other crypto teams, who tend to copy the code from a successful coin and make tweaks.
The key to IOTA is that it was specifically designed as a tool for IoT, which means that it also has to have ironclad security, zero transaction fees, and unlimited scalability.
These feats have been largely accomplished through IOTA's data structure, which is called the "Tangle"…
If you own Bitcoin, you're probably familiar with how blockchain technology confirms and verifies each transaction on the network.
The Tangle serves the same purpose for the IOTA cryptocurrency, but it is completely unique in that it doesn't sequentially build on prior blocks of transaction data.
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