Senator Bernie Sanders introduced a bill that would rein in expensive, predatory prescription drug costs.
The Prescription Drug Affordability Act, sponsored by Sen. Sanders in the Senate and Rep. Elijah Cummings in the House, would:
- Authorize the Secretary of Health and Human Services to negotiate drug prices with pharmaceutical companies to bring down costs for Medicare drug benefits
- Apply tough penalties on pharmaceutical companies that commit fraud
- Ban the practice of brand-name drugmakers paying competitors to keep lower-priced generic substitutes off the market
- Break down barriers that would finally allow consumers to import cheaper drugs from Canada