The Perils of Regulating Drugs by Sound Bite
There is a legal adage that “hard cases make bad law.” California may soon rediscover this wisdom. Assembly member Jim Wood has introduced a bill (AB 824) with the intention of discouraging “pay-for-delay” tactics. “Pay-for-delay” practices refer to a situation when a manufacturer of a patented drug pays the manufacturer of a generic drug to […]
California’s Public Pensions Require Fundamental Reform
The most recent attempt to reform California’s public pension systems has been pulled from the 2016 ballot by its own authors. Opponents tried to frame the proposal (inaccurately) as another “extremist measure.” But the state’s public pension systems are in deep financial trouble, and ignoring this reality will make the crisis even more difficult to […]