Prop 34 would limit how health care providers use their profit from discounted drugs, but it seems to target only one group: the AIDS Healthcare Foundation. The proposition is backed by the landlord lobby and opposed by the Yes on 34 campaign, which argues it is a revenge initiative.

Proposition 34, titled Restricts Spending of Prescription Drug Revenues By Certain Health Care Providers, is a California ballot proposition and initiative statute that will be voted on in the 2024 general election on November 5. The proposition, if passed, would require health care providers that have spent over $100 million in any 10-year ...

Proposition 34 would limit how some health care providers can spend revenue from prescription drug sales. It would mainly affect the AIDS Healthcare Foundation, a major funder of rent control initiatives.

Proposition 34 is an initiative statute that requires certain health care providers to spend 98% of revenues from a federal drug discount program on direct patient care. It also authorizes statewide negotiation of Medi-Cal drug prices and imposes penalties for breaking the rules.

Proposition 34 is a 2024 ballot initiative that would require certain entities to spend 98% of revenues from the federal discount prescription drug program on direct patient care and penalize them for violations. It would also permanently authorize the state to implement Medi-Cal Rx program, a low-cost prescription drug program for low-income seniors and people with disabilities.

Proposition 34 restricts how certain health care entities spend revenue from the federal drug discount program. It also adds Medi-Cal Rx to state law and establishes penalties for violating the rules.

Proposition 34 would limit how the AIDS Healthcare Foundation spends its drug discounts and require state agencies to negotiate lower drug prices. It is backed by the California Apartment Association and opposed by the foundation and its allies.

Proposition 34 would restrict how certain health care providers spend revenue from federal drug discounts on direct patient care. It would also authorize state to negotiate Medi-Cal drug prices and impose penalties for violations.

Proposition 34 requires health care providers to spend 98% of revenues from federal discount prescription drug program on direct patient care and authorizes state to negotiate Medi-Cal drug prices. It also penalizes noncompliance by revoking licenses and tax-exempt status.