Senator Elizabeth Warren proposed a new bill called the Affordable Drug Manufacturing Act, which if passed will allow the U.S. government to mass-produce generic versions of drugs.
In a statement to Politico, the Association for Accessible Medicines said the legislation represents “an unrealistic distraction from policies that would meaningfully reduce drug prices, such as combating patent abuse and cultivating a robust biosimilars market.”
— The Hill (@thehill) December 18, 2018
Sen. Elizabeth Warren (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 Trump has also highlighted.
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 Harris (D-Calif.), Jeff Merkley (D-Ore.) and Amy Klobuchar (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 Sanders (I-Vt.) unveiled a bill last month to strip drug companies of their monopolies if their prices are deemed excessive. More
When has the government ever decreased the cost of anything? Her solution to a big business problem is to create a big business that will be run by our government. What could possibly go wrong with this plan?
Bwhahahahaha. Let the government do it better/cheaper/faster than private firms. @SenWarren how’s that work? #PostOffice #VA #GAO. C’mon. The bloated(and well-connected) bureaucracy of GOVT would handout contracts to all of your minions.
— Joel Martino (@joelmartino1) December 19, 2018
If all of Sen. Elizabeth Warren’s proposed bills had become law, our US economy would very much resemble Venezuela’s.