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

Sen. Elizabeth WarrenElizabeth WarrenOn The Money: Biden .5T budget proposes major hike in social programs | GOP bashes border, policing provisions Overnight Defense: Biden proposes 3B defense budget | Criticism comes in from left and right | Pentagon moves toward new screening for extremists POW/MIA flag moved back atop White House 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 TrumpHarry Reid reacts to Boehner book excerpt: 'We didn't mince words' Man arrested for allegedly threatening to stab undercover Asian officer in NYC Trump says GOP will take White House in 2024 in prepared speech 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 HarrisPelosi planned on retiring until Trump won election: report How Kamala Harris can find the solution for the migration crisis White House unveils official portraits of Biden and Harris MORE (D-Calif.), Jeff MerkleyJeff MerkleyGreen tech isn't all it's cracked up to be 2024 GOP White House hopefuls lead opposition to Biden Cabinet 33 Democrats urge Biden to shut down Dakota Access Pipeline MORE (D-Ore.) and Amy KlobucharAmy KlobucharLobbying world New small business coalition to urge action on antitrust policy Bottom line 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 SandersHillicon Valley: Amazon wins union election — says 'our employees made the choice' On The Money: Biden .5T budget proposes major hike in social programs | GOP bashes border, policing provisions Overnight Defense: Biden proposes 3B defense budget | Criticism comes in from left and right | Pentagon moves toward new screening for extremists 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 SchakowskyHillicon Valley: House lawmakers fired up for hearing with tech CEOs | Zuckerberg proposes conditional Section 230 reforms | Lawmakers reintroduce bill to secure internet-connected devices Progressives up pressure on Biden to back COVID vaccine patent waiver House lawmakers fired up for hearing with tech CEOs MORE (D-Ill.) introduced the bill in the House.