Connect with us

Economy

Md. Ponders New Board to Regulate Prescription Drug Prices

WASHINGTON INFORMER —

Published

on

By William J. Ford

ANNAPOLIS — Residents, health care advocates and faith leaders converged Thursday on the State House in support of legislation that would create a prescription drug affordability board in Maryland.

According to the legislation from Delegate Joseline Peña-Melnyk (D-District 21) of College Park and state Sen. Kathy Klausmeier (D-Baltimore County), one of the board’s responsibilities would be to “review the cost of a prescription drug product … [and] determine whether use of the prescription drug product … has led or will lead to affordability challenges for the state health care system or high out-of-pocket costs for patients.”

The board would consist of members with expertise in health care economics, or clinical medicine.

The body, which would operate as an independent unit, can make a drug company that introduces a new brand new at $30,000 or more per year, or wholesale acquisition increase of at least $3,000 must validate the cost.

After review, the board could set “an upper limit” on the drug.

“Wherever you go, people talk about the high cost of prescription drugs,” Klausmeier said. “There are so many new drugs out there. The bottom line is we have to get prescription drug cost down.”

One resident, Jo Saint-George, relayed how she and her husband needed to use their entire savings after she was diagnosed with a brain tumor.

In addition to costly surgeries and doctor appointments, her prescription drug medication runs $700 per bottle. Sometimes she split her medication so it could last longer, but eventually ended up back in the hospital, she said, “creating another bill that I still have on my credit today.”

“I’m willing to get transparent and personal around this issue because I never thought I would be on medication,” said Saint-George, an attorney and member of the Maryland State Conference of the NAACP. “But when tragedy strikes, you don’t know when that’s going to happen. So we need these types of supports and affordability to make sure when people goes through these things, they can transition and be alive.”

Politically, there are nearly 100 co-sponsors of the legislation in the House with seven Republicans. One of the most outspoken supporters, Harford County Executive Barry Glassman, said it costs his jurisdiction nearly $7 million a year on prescription drugs for about 900 employees.

“For local governments, health care prescription costs are one of the leading drivers of the problems we are having,” said Glassman, a Republican. “This is a Maryland problem. It’s a national problem. This bill is a good first step at bringing those folks in to justify these enormous price increases.”

Both bills are scheduled for hearings in both the Senate and House on March 6, which could receive some opposition.

Nick McGee, spokesman for the D.C.-based Pharmaceutical Research and Manufacturers of America (PhRMA), said in a statement Thursday the legislation would enact price controls on prescription medicines that would limit patient access.

“It recycles failed ideas that give government broad authority to arbitrarily set prices and undermine the competitive market that is critical to bringing down costs and delivering new treatments to patients,” he said. “This misguided approach could also have a chilling effect on new innovation and the thriving biotech industry that supports thousands of jobs in Maryland.”

This article originally appeared in the Washington Informer

Activism

2025 in Review: Seven Questions for Black Women’s Think Tank Founder Kellie Todd Griffin

As the president and CEO of the California Black Women’s Collective Empowerment Institute, Griffin is on a mission to shift the narrative and outcomes for Black women and girls. She founded the nation’s first Black Women’s Think Tank, securing $5 million in state funding to fuel policy change. 

Published

on

Kellie Todd Griffin. CBM file photo.
Kellie Todd Griffin. CBM file photo.

By Edward Henderson
California Black Media 

With more than 25 years of experience spanning public affairs, community engagement, strategy, marketing, and communications, Kellie Todd Griffin is recognized across California as a leader who mobilizes people and policy around issues that matter.

As the president and CEO of the California Black Women’s Collective Empowerment Institute, Griffin is on a mission to shift the narrative and outcomes for Black women and girls. She founded the nation’s first Black Women’s Think Tank, securing $5 million in state funding to fuel policy change.

Griffin spoke with California Black Media (CBM) about her successes and setbacks in 2025 and her hopes for 2026.

Looking back at 2025, what stands out to you as your most important achievement and why? 

Our greatest achievement in this year is we got an opportunity to honor the work of 35 Black women throughout California who are trailblazing the way for the next generation of leaders.

How did your leadership, efforts and investments as president and CEO California Black Women’s Collective Empowerment Institute contribute to improving the lives of Black Californians? 

We’re training the next leaders. We have been able to train 35 women over a two-year period, and we’re about to start a new cohort of another 30 women. We also have trained over 500 middle and high school girls in leadership, advocacy, and financial literacy.

What frustrated you the most over the last year?

Getting the question, “why.” Why advocate for Black women? Why invest in Black people, Black communities? It’s always constantly having to explain that, although we are aware that there are other populations that are in great need, the quality-of-life indices for Black Californians continue to decrease. Our life expectancies are decreasing. Our unhoused population is increasing. Our health outcomes remain the worst.

We’re not asking anyone to choose one group to prioritize. We are saying, though, in addition to your investments into our immigrant brothers and sisters – or our religious brothers and sisters – we are also asking you to uplift the needs of Black Californians. That way, all of us can move forward together.

What inspired you the most over the last year?

I’ve always been amazed by the joy of Black women in the midst of crisis.

That is really our secret sauce. We don’t let the current state of any issue take our joy from us. It may break us a little bit. We may get tired a little bit. But we find ways to express that – through the arts, through music, through poetry.

What is one lesson you learned in 2025 that will inform your decision-making next year?

Reset. It’s so important not to be sitting still. We have a new administration. We’re seeing data showing that Black women have the largest unemployment rate. We’ve lost so many jobs. We can have rest – we can be restful – but we have to continue the resistance.

In one word, what is the biggest challenge Black Californians faced in 2025?

Motivation.

I choose motivation because of the tiredness. What is going to motivate us to be involved in 2026?

What is the goal you want to achieve most in 2026?

I want to get Black Californians in spaces and places of power and influence – as well as opportunities to thrive economically, socially, and physically.

Continue Reading

Activism

Oakland School Board Grapples with Potential $100 Million Shortfall Next Year

The school board approved Superintendent Denise Saddler’s plan for major cuts to schools and the district office, but they are still trying to avoid outside pressure to close flatland schools.

Published

on

OUSD Supt. Denise Saddler. File photo.
OUSD Supt. Denise Saddler. File photo.

By Post Staff

The Oakland Board of Education is continuing to grapple with a massive $100 million shortfall next year, which represents about 20% of the district’s general fund budget.

The school board approved Superintendent Denise Saddler’s plan for major cuts to schools and the district office, but they are still trying to avoid outside pressure to close flatland schools.

Without cuts, OUSD is under threat of being taken over by the state. The district only emerged from state receivership in July after 22 years.

“We want to make sure the cuts are away from the kids,” said Kampala Taiz-Rancifer, president of the Oakland Education Association, the teachers’ union. “There are too many things that are important and critical to instruction, to protecting our most vulnerable kids, to safety.”

The school district has been considering different scenarios for budget cuts proposed by the superintendent, including athletics, libraries, clubs, teacher programs, and school security.

The plan approved at Wednesday’s board meeting, which is not yet finalized, is estimated to save around $103 million.

Staff is now looking at decreasing central office staff and cutting extra-curricular budgets, such as for sports and library services. It will also review contracts for outside consultants, limiting classroom supplies and examine the possibility of school closures, which is a popular proposal among state and county officials and privatizers though after decades of Oakland school closures, has been shown to save little if any money.

Continue Reading

Activism

Mayor Lee, City Leaders Announce $334 Million Bond Sale for Affordable Housing, Roads, Park Renovations, Libraries and Senior Centers

Saying “Oakland is on the move,” Mayor Barbara Lee announces results of Measure U bond sale, Dec. 9, at Oakland City Hall with city councilmembers and city staff among those present. Photo courtesy of the City of Oakland.

Published

on

Saying “Oakland is on the move,” Mayor Barbara Lee announces results of Measure U bond sale, Dec. 9, at Oakland City Hall with city councilmembers and city staff among those present. Photo courtesy of the City of Oakland.
Saying “Oakland is on the move,” Mayor Barbara Lee announces results of Measure U bond sale, Dec. 9, at Oakland City Hall with city councilmembers and city staff among those present. Photo courtesy of the City of Oakland.

By Post Staff

The City of Oakland announced this week that it is successfully moving forward on the sale of $334 million of General Obligation bonds, a milestone that will provide the city with capital funding for city departments to deliver paved roads, restored public facilities, and investments in affordable housing.

“Oakland is on the move and building momentum with this bond sale,” said Oakland Mayor Barbara Lee. “We are reviving access to funding for paving our streets, restoring public facilities we all use and depend upon, and investing in affordable housing for our community, all while maintaining transparency and fiscal discipline.”

“These bonds represent our city’s continued commitment to sound financial management and responsible investment in Oakland’s future,” said Lee.

“Together, we are strengthening our foundation for generations to come,” she said. “I’m grateful to our partners in the City Council for their leadership and support, and to City Administrator Jestin Johnson for driving this process and ensuring we brought it home.”

According to the city, $285 million of the bonds will support new projects and $49 million of the bonds will refund existing bonds for debt service savings.

Oakland issued the Measure U bonds on Dec. 4 after two years of delays over concerns about the city’s financial outlook. They all sold in less than a week.

The new money bonds will pay for affordable housing, roadway safety and infrastructure improvements, and renovations to parks, libraries, senior centers, and other public facilities under the city’s Measure U Authorization.

Citywide paving and streetscape projects will create safer streets for Oaklanders. Additionally, critical facilities like the East Oakland Senior Center and San Antonio Park will receive much-needed renovations, according to the city.

Some of the projects:

  • $50.5 million – Citywide Street Resurfacing
  • $13 million – Complete Streets Capital Program
  • $9.5 million – Curb Ramps Program
  • $30 million – Acquisition & Preservation of Existing Affordable Housing
  • $33 million – District 3: Mandela Transit-Oriented Development
  • $28 million – District 6: Liberation Park Development
  • $3 million – District 5: Brookdale Recreation Center Capital Project
  • $1.5 million – District 1: Oakland Tool Lending Library (Temescal Branch Library)
  • $10 million – District 3: Oakland Ice Center

“I recognize that many naysayers said we couldn’t do it,” said Johnson. “Well, you know what? We’re here now. And we’re going to be here next year and the year after. The fact is we’re getting our fiscal house in order. We said we were going to do it — and we’re doing it.”

Investors placed $638 million in orders for the $334 million of bonds offered by the City. There was broad investor demand with 26 separate investment firms placing orders.  The oversubscription ultimately allowed the city to lower the final interest rates offered to investors and reduce the city’s borrowing cost.

“The oversubscription ultimately allowed the City to lower the final interest rates offered to investors and reduce the City’s borrowing cost,” said Sean Maher, the city’s communications director.

“The Oakland City Council worked closely with the administration to both advance the bond issuance process and ensure that the community had a clear understanding of the City’s timeline and approach,” said Councilmember at-Large Rowena Brown.

“In September, the City Council took unanimous action to authorize the Administration to move forward with the bond sale because these funds are essential to delivering the very improvements our communities have long asked for – safer streets, restored public facilities, and expanded affordable housing,” she said.

Continuing, Brown said, “I want to extend my sincere thanks to City Administrator Jestin Johnson, Finance Director Bradley Johnson, and Mayor Barbara Lee for their leadership, diligence, and steady guidance throughout the City’s bond sale efforts.

“Navigating complex market conditions while keeping Oakland’s long-term infrastructure needs front and center is no small task, and this moment reflects tremendous professionalism and persistence,” she said.

Moody’s gave the city an AA2 rating on the bonds, its third-highest rating, which it gives to high-quality investment-grade securities.

There was both a tax-exempt portion and a taxable portion for the bond offering, reflecting the various uses of the bond proceeds, according to a statement released by the city.

The $143.5 million of tax-exempt bonds have a 30-year final maturity and received an all-in borrowing cost of 3.99%.  The $191 million of taxable bonds have a 24-year final maturity and received an all-in borrowing cost of 5.55%.

The $49 million in tax-exempt bonds that refinance existing obligations of the City resulted in $5.6 million of debt service savings for taxpayers through 2039, or $4.7 million on a present value basis.

Mayor Lee said that, based on her experience serving on the House Financial Services Committee of the U.S. Congress for more than 10 years, city staff has done an exemplary job.

“I have witnessed many cities go to the bond market throughout the years,” she said. “I can tell you with certainty that Oakland’s team is remarkable, and our residents should be proud of their reputation, their competence, and their deep knowledge of this very sophisticated market.”

Looking ahead to the final sale of the bonds, according to the city press statement, pricing marks the point at which the City and investors locked in the final dollar amounts, interest rates, and other key terms of the bond sale. This stage is commonly referred to as the sale date. At pricing, no funds are exchanged. The actual delivery of bonds and receipt of monies occurs at closing, which is scheduled within the next two weeks.

Capital projects receiving this funding will proceed on individual timelines based on their individual conditions and needs. At the time of closing, funding will be immediately available to those projects.

Continue Reading

Subscribe to receive news and updates from the Oakland Post

* indicates required

CHECK OUT THE LATEST ISSUE OF THE OAKLAND POST

ADVERTISEMENT

WORK FROM HOME

Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540

Facebook

Shutterstock
Advice2 hours ago

Support Your Child’s Mental Health: Medi-Cal Covers Therapy, Medication, and More

Photos courtesy of National Archives.
Activism2 hours ago

Ann Lowe: The Quiet Genius of American Couture

Kellie Todd Griffin. CBM file photo.
Activism2 hours ago

2025 in Review: Seven Questions for Black Women’s Think Tank Founder Kellie Todd Griffin

BRIDGE Housing President and CEO Ken Lombard. Courtesy of BRIDGE Housing.
Activism4 hours ago

BRIDGE Housing President and CEO Ken Lombard Scores Top Honors for Affordable Housing Leadership

OUSD Supt. Denise Saddler. File photo.
Activism4 hours ago

Oakland School Board Grapples with Potential $100 Million Shortfall Next Year

The ‘aunties’ playing cards. iStock photo by Andreswd.
Advice4 hours ago

COMMENTARY: If You Don’t Want Your ‘Black Card’ Revoked, Watch What You Bring to Holiday Dinners

Saying “Oakland is on the move,” Mayor Barbara Lee announces results of Measure U bond sale, Dec. 9, at Oakland City Hall with city councilmembers and city staff among those present. Photo courtesy of the City of Oakland.
Activism5 hours ago

Mayor Lee, City Leaders Announce $334 Million Bond Sale for Affordable Housing, Roads, Park Renovations, Libraries and Senior Centers

The Pride and Joy Band performed at the first annual Kwanzaa celebration sponsored by Fayeth Gardens. Courtesy photo.
Arts and Culture5 hours ago

Fayeth Gardens Holds 3rd Annual Kwanzaa Celebration at Hayward City Hall on Dec. 28

Costco. Courtesy image.
Bay Area5 hours ago

Post Salon to Discuss Proposal to Bring Costco to Oakland Community meeting to be held at City Hall, Thursday, Dec. 18

Activism2 days ago

Oakland Post: Week of December 10 – 16, 2025

Seth Curry is a point guard on the GSW team.Photo courtesy of the Golden State Warriors.
Alameda County2 weeks ago

Seth Curry Makes Impressive Debut with the Golden State Warriors

#NNPA BlackPress2 weeks ago

A Nation in Freefall While the Powerful Feast: Trump Calls Affordability a ‘Con Job’

#NNPA BlackPress2 weeks ago

The Numbers Behind the Myth of the Hundred Million Dollar Contract

#NNPA BlackPress2 weeks ago

FBI Report Warns of Fear, Paralysis, And Political Turmoil Under Director Kash Patel

#NNPA BlackPress2 weeks ago

ACA Deadline Nears as 20 million Brace for Higher Health Costs

Trending

Copyright ©2021 Post News Group, Inc. All Rights Reserved.