Buttigieg unveils aggressive plan to lower drug prices
Democratic presidential candidate Pete ButtigiegPete ButtigiegScaled-back Pride Month poses challenges for fundraising, outreach Biden hopes to pick VP by Aug. 1 It’s as if a Trump operative infiltrated the Democratic primary process MORE on Monday unveiled a far-reaching plan to lower the cost of prescription drugs, the latest tough proposal from the party’s 2020 hopefuls.
Buttigieg would allow both Medicare and the new public option plan he would create to negotiate lower prices for prescription drugs, and those lower prices would be available to people with private insurance too.
The South Bend, Ind., mayor would cap out-of-pocket drug costs in Medicare at $200 per month and force drug companies to pay rebates back if their prices rose faster than inflation.
Click Here: camisetas de futbol baratasADVERTISEMENTFor the “worst offender” companies, he would exercise rarely used authority under current law to strip firms of their patents if they were not offering a drug at a reasonable price.
Buttigieg, who is behind the top tier of candidates in the polls, tied his plan to his argument for installing a younger generation of leaders such as himself.
“It’s time for a new era of leadership in Washington who will finally make drugs affordable and take on pharmaceutical companies,” he said.
Lowering drug prices is a top priority for voters and an idea that President TrumpDonald John TrumpSenate advances public lands bill in late-night vote Warren, Democrats urge Trump to back down from veto threat over changing Confederate-named bases Esper orders ‘After Action Review’ of National Guard’s role in protests MORE has embraced as well, though he has yet to take major action. That has led Democratic candidates to come out with a variety of aggressive plans.
Bold plans to crack down on pharmaceutical companies has been a theme in the Democratic primary, with tough plans both from the more moderate side and from leading progressives.
Former Vice President Joe BidenJoe BidenHillicon Valley: Biden calls on Facebook to change political speech rules | Dems demand hearings after Georgia election chaos | Microsoft stops selling facial recognition tech to police Trump finalizing executive order calling on police to use ‘force with compassion’ The Hill’s Campaign Report: Biden campaign goes on offensive against Facebook MORE, for example, also has a tough plan that would set up an independent review board to set a reasonable price for new drugs, among other steps.
Sen. Elizabeth WarrenElizabeth WarrenWarren, Democrats urge Trump to back down from veto threat over changing Confederate-named bases OVERNIGHT DEFENSE: Joint Chiefs chairman says he regrets participating in Trump photo-op | GOP senators back Joint Chiefs chairman who voiced regret over Trump photo-op | Senate panel approves 0B defense policy bill Trump on collision course with Congress over bases with Confederate names MORE (D-Mass.) would allow the government to manufacture lower-cost generic drugs itself, while Sen. Bernie SandersBernie SandersThe Hill’s 12:30 Report: Milley apologizes for church photo-op Harris grapples with defund the police movement amid veep talk Biden courts younger voters — who have been a weakness MORE (I-Vt.) would tie drug prices to lower prices paid in other countries.
The “Medicare for All” plan backed by Warren and Sanders would also give the government much more power in setting lower prices for drugs.