Yang pitches public manufacturing of generic drugs

Yang pitches public manufacturing of generic drugs
© Greg Nash

Entrepreneur Andrew YangAndrew YangBiden campaign to take over 'Supernatural' star's Instagram for interview Hillicon Valley: Justice Department announces superseding indictment against WikiLeaks' Assange | Facebook ad boycott gains momentum | FBI sees spike in coronavirus-related cyber threats | Boston city government bans facial recognition technology The Hill's Campaign Report: Progressives feel momentum after primary night MORE on Tuesday released a plan to lower prescription drug costs, which includes allowing Medicare to negotiate drug prices and creating public manufacturing facilities to make generic drugs. 

The Democratic candidate also said that as president, he would allow for forced licensing of medications if companies can't agree with the government on a reasonable price and use prices paid by other countries as a baseline.

According to his campaign, Yang would also allow for importing prescription medication from other countries "if all else fails."

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“For too long, pharmaceutical companies have been trying to profit from the sick while imposing exorbitant costs on the American people. It needs to stop,” Yang said in a statement on the plan. 

“If the pharmaceutical companies are not willing to compromise, we need to ensure the U.S. government has the ability to force licenses for these drugs to companies who will, to control the outrageous cost of prescription drugs,” he added. 

Other presidential candidates have also called for some of the same actions.

Sen. Elizabeth WarrenElizabeth WarrenThe Hill's Campaign Report: Democratic Unity Taskforce unveils party platform recommendations Progressive activist Ady Barkan endorses Biden, urges him to pick Warren as VP Congress must act now to fix a Social Security COVID-19 glitch and expand, not cut, benefits MORE (D-Mass.) would allow the government to make lower-cost generic drugs and Sen. Bernie SandersBernie SandersTammy Duckworth is the epitome of the American Dream On The Money: Deficit rises to record .7 trillion amid pandemic: CBO | Democrats sidestep budget deal by seeking 0B in emergency spending | House panel advances spending bill with funding boost to IRS Biden-Sanders unity task force calls for Fed, US Postal Service consumer banking MORE (I-Vt.) would tie drug prices to lower sums paid in other countries.

South Bend, Ind., Mayor Pete ButtigiegPete ButtigiegButtigieg's new book, 'Trust,' slated for October release Biden hires top aides for Pennsylvania Democratic lawmakers call for expanding, enshrining LGBTQ rights MORE's plan also calls for allowing Medicare to negotiate drug prices. 

The Trump administration has also suggested using international drug prices to set the price of some drugs covered by Medicare. 

The House is expected to vote this week on a Democratic bill that would allow the Health and Human Services secretary to negotiate lower prices on up to 250 drugs annually