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

Sen. Elizabeth WarrenElizabeth WarrenMomentum grows to change medical supply chain from China Why Gretchen Whitmer's stock is rising with Team Biden Democrats seize on Trump's firing of intelligence community watchdog 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 TrumpCampaigns face attack ad dilemma amid coronavirus crisis Outgoing inspector general says Trump fired him for carrying out his 'legal obligations' Trump hits Illinois governor after criticism: 'I hear him complaining all the time' 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 Devi HarrisWhy Gretchen Whitmer's stock is rising with Team Biden Enlisting tech to fight coronavirus sparks surveillance fears Biden says his administration could help grow 'bench' for Democrats MORE (D-Calif.), Jeff MerkleyJeffrey (Jeff) Alan MerkleyOvernight Energy: Oil giants meet with Trump at White House | Interior extends tenure of controversial land management chief | Oil prices tick up on hopes of Russia-Saudi deal Oil giants meet at White House amid talk of buying strategic reserves Democrats ask EPA, Interior to pause rulemaking amid coronavirus MORE (D-Ore.) and Amy KlobucharAmy KlobucharWhy Gretchen Whitmer's stock is rising with Team Biden Biden says his administration could help grow 'bench' for Democrats Democrats fear coronavirus impact on November turnout 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 SandersCampaigns face attack ad dilemma amid coronavirus crisis Cuomo's been good, but he's not going to be the Democratic nominee Does Joe Biden really want to be president? 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 SchakowskyThe Memo: Virus crisis upends political world Hillicon Valley: Lawmakers seek 5G rivals to Huawei | Amazon, eBay grilled over online counterfeits | Judge tosses Gabbard lawsuit against Google | GOP senator introduces bill banning TikTok on government devices Lawmakers grill Amazon, eBay executives over online counterfeits MORE (D-Ill.) introduced the bill in the House.