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Democrats seek narrow path to rein in cost of medicines
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Democrats seek narrow path to rein in cost of medicines
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Democrats seek narrow path to rein in cost of medicines
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https://www.afinalwarning.com/515722.html (Natural News) A new government study commissioned by Sen. Bernie Sanders shows that the U.S. pays two to four times more for prescription drugs than other rich countries, a finding that came as President Joe Biden rolled out a social safety-net plan on Wednesday that excludes progressive proposals to tackle sky-high medicine costs.
(Article republished from CommonDreams.org)
According to an analysis (pdf) by the Government Accountability Office (GAO), retail prices that U.S. consumers and insurers paid for 20 brand-name prescription drugs in 2020 were 2.82 times higher than in Canada, 4.25 times higher than in Australia, and 4.36 times higher than in France.
Biden called for drug pricing reform this year. But it’s an empty call President Biden
JIM WATSON/AFP via Getty Images
WASHINGTON President Biden told Congress Wednesday to let Medicare negotiate drug prices this year. But it’s an empty call to action.
“Let’s give Medicare the power to save hundreds of billions of dollars by negotiating lower prices for prescription drugs. That won’t just help people on Medicare – it will lower prescription drug costs for everyone,” Biden said in his address. “Let’s get it done this year.” Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED