Thursday, January 05, 2012

"Mandatory Markup" Takes First Blow

There will be screeching.

Today, a bipartisan group of lawmakers introduced SB 360, legislation that would repeal the provisions of the Unfair Sales Act that prohibit the below-cost sale of prescription drugs. The effort is spearheaded by Senators Leah Vukmir (R-Wauwatosa) and Tim Carpenter (D-Milwaukee) and Representatives Bill Kramer (R-Waukesha) and Jon Richards (D-Milwaukee).

The Unfair Sales Act, generally, prohibits the sale of any good at below-cost, and also calls for statutorily required price increases on gasoline, alcohol, and tobacco.

SB 360 will allow retailers to offer popular $4 prescription drug programs...

That '$4 scrip-program' is the WallyWorld offering.  

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