Sen. Bernie Sanders
Bernie SandersTrump's successes, foreign and domestic, override his bluster and PR blunders Congress fiddles while the US burns, floods, and ails Fauci gets his own action figure MORE (I-Vt.) and Rep. Ro Khanna
Rohit (Ro) KhannaTop House lawmakers launch investigation into Pentagon redirecting COVID-19 funds Overnight Defense: Appeals court revives House lawsuit against military funding for border wall | Dems push for limits on transferring military gear to police | Lawmakers ask for IG probe into Pentagon's use of COVID-19 funds On The Money: Half of states deplete funds for Trump's 0 unemployment expansion | EU appealing ruling in Apple tax case | House Democrats include more aid for airlines in coronavirus package MORE (D-Calif.) on Tuesday unveiled a bill aimed at aggressively lowering drug prices by stripping monopolies from drug companies if their prices are deemed excessive.
Sanders has long railed against drug companies for their prices, and this bill is one of the most far-reaching proposals aimed at lowering them.
“No other country allows pharmaceutical companies to charge any price they want for any reason they want,” Sanders, who could run for president again in 2020, said in a statement.
“The greed of the prescription drug industry is literally killing Americans and it has got to stop,” he added.
Drug companies argue that other countries, with price controls, lack the innovation that happens in the United States.
The bill does not have a clear path forward in the next two years, given that Republicans will still control the Senate.
But the measure shows how far progressives want to go on drug pricing and comes at a time when there is growing momentum for taking some action on the issue, even if it might not be as far-reaching.
President Trump
Donald John TrumpFive takeaways from the vice presidential debate Harris accuses Trump of promoting voter suppression Pence targets Biden over ISIS hostages, brings family of executed aid worker to debate MORE has also focused on lowering the price of drugs, and Democrats hope to be able to work with him in a bipartisan way.
Khanna, a progressive who represents Silicon Valley, joins Sanders on the bill.
“Today, we’re sending big pharma a message: Market exclusivity is a privilege, and when you abuse that by price gouging the sick and aging, then you lose that privilege,” Khanna said.
