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Prescription Drug Prices / Generic vs. Brand Name #501363

NBC Evening News for Tuesday, Jan 09, 1979
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(Studio) Federal government's proposal of model law for states, allegedly making prescription drug purchases cheaper, detailed.
REPORTER: John Chancellor

(DC) Differences in prices of brand name and generic drugs outlined; exs. given. Pharmacists in 40 states reported to have freedom to substitute generic for brand name drugs; FTC (Federal Trade Commission) statements with regard to reasons for few substitutions noted. Draft proposal presented for states' perusal by FTC and Department of Health, Education and Welfare detailed. [Department of Health, Education and Welfare Secretary Joseph CALIFANO - explains results of proposal.] Drug mfrs.' response mentioned. Govt. plans to publish list of generic drugs it considers as effective as brand names and to use it in paying Medicaid and Medicare stated.
REPORTER: Andrea Mitchell

Chancellor, John;
Mitchell, Andrea

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