See live election results from the Nov. 5, 2024 election for California Proposition 34: Limit how certain healthcare providers spend pharmaceutical revenue.
One of the state ballot measures, Proposition 34, deals with revenue from prescription drugs but has a narrow application that critics say unjustly targets one organization.
LIVE ELECTION RESULTS FOR PROP 34 NOVEMBER 5, 2024 ELECTION:
What is Prop 34?
If passed, Prop 34 would require certain healthcare providers to spend 98% of revenues earned through a federal discount prescription drug program on “direct patient care.”
The federal program allows certain healthcare providers to get a discount on pharmaceuticals, sell those drugs at retail rates, and use the profits to support healthcare services to their low-income and at-risk patients.
But there are specific criteria that limit who this proposal would apply to. To be subject to the proposed law, organizations would have to have:
- spent over $100,000,000 in a 10-year period on …
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