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Warren unveils bill to lower drug prices by letting government manufacture them

Sen. Elizabeth WarrenElizabeth WarrenInequality of student loan debt underscores possible Biden policy shift Thomas Piketty says pandemic is opportunity to address income inequality The Memo: Biden faces tough road on pledge to heal nation MORE (D-Mass.) on Tuesday unveiled a bill aimed at lowering drug prices by allowing the government to step in and manufacture certain drugs that lack competition.

The bill from Warren, who is considered a likely 2020 presidential contender, comes as Democrats are putting forward a range of new ideas on how to lower drug prices, a top priority for the public and an issue that President TrumpDonald John TrumpTrump rages against '60 Minutes' for interview with Krebs Cornyn spox: Neera Tanden has 'no chance' of being confirmed as Biden's OMB pick Pa. lawmaker was informed of positive coronavirus test while meeting with Trump: report MORE has also highlighted.

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Warren’s bill would create a new office in the Department of Health and Human Services that would be empowered to manufacture generic drugs itself and sell them at fair prices, if no company is already making the drug, or if one or two companies are making the drug and the prices spike.

“In market after market, competition is dying as a handful of giant companies spend millions to rig the rules, insulate themselves from accountability, and line their pockets at the expense of American families,” Warren said in a statement.

Other possible Democratic presidential contenders have also been pointing to ideas to lower drug prices recently.

Sens. Kamala HarrisKamala HarrisBiden announces all-female White House communications team Biden to nominate Neera Tanden, Cecilia Rouse to economic team: WSJ Memo to Biden: Go big — use the moment to not only rebuild but to rebuild differently MORE (D-Calif.), Jeff MerkleyJeff MerkleySupreme Court declines to hear case challenging unlimited super PAC fundraising Trump supporters demonstrate across the country following Biden-Harris win Merkley wins reelection in Oregon Senate race MORE (D-Ore.) and Amy KlobucharAmy KlobucharHillicon Valley: YouTube suspends OANN amid lawmaker pressure | Dems probe Facebook, Twitter over Georgia runoff | FCC reaffirms ZTE's national security risk Democrats urge YouTube to remove election misinformation, step up efforts ahead of Georgia runoff YouTube temporarily suspends OANN account after spreading coronavirus misinformation MORE (D-Minn.) helped introduce a bill last week to allow the government to step in and stop certain price spikes for drugs.

And Sen. Bernie SandersBernie SandersBiden announces all-female White House communications team The 'diploma divide' in American politics Bernie Sanders should opt for a government-created vaccine from China or Russia MORE (I-Vt.) unveiled a bill last month to strip drug companies of their monopolies if their prices are deemed excessive.

Warren’s bill is different than some others in that it targets generic drugs, which are often thought of as cheap. But Warren’s office said the generic drug market is “broken” and lacks competition, pointing to an investigation into a massive price-fixing scheme in the generic drug market. 

Rep. Jan SchakowskyJanice (Jan) Danoff SchakowskyFeinstein departure from top post sets stage for Judiciary fight Pelosi, Mnuchin continue COVID-19 talks amid dwindling odds for deal Pocan won't seek another term as Progressive Caucus co-chair MORE (D-Ill.) introduced the bill in the House.