Yang pitches public manufacturing of generic drugs

Yang pitches public manufacturing of generic drugs
© Greg Nash

Entrepreneur Andrew YangAndrew YangEvelyn Yang shares that she was sexually assaulted by doctor Buttigieg campaign reaches agreement with staff union Panel: Is Andrew Yang playing to win with Dave Chappelle endorsement and Iowa bus tour? 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."

ADVERTISEMENT

“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 Ann WarrenEx-Obama official on Sanders-Warren feud: 'I don't think it played out well for either of them' Former Vermont Governor: Sanders 'will play dirty' Hill.TV's Krystal Ball rips Warren over feud with Sanders MORE (D-Mass.) would allow the government to make lower-cost generic drugs and Sen. Bernie SandersBernie SandersEx-Obama official on Sanders-Warren feud: 'I don't think it played out well for either of them' Former Vermont Governor: Sanders 'will play dirty' Hill.TV's Krystal Ball rips Warren over feud with Sanders MORE (I-Vt.) would tie drug prices to lower sums paid in other countries.

South Bend, Ind., Mayor Pete ButtigiegPeter (Pete) Paul ButtigiegFormer insurance executive: 'Medicare for all' would eliminate jobs that are 'not needed' Buttigieg says he's proud to be a part of US system amid UK royal family drama Buttigieg asked about 'Mayo Pete' memes by New York Times ed board 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