While pharma companies argue that other countries using price controls stifle innovation in the creation of new drugs, progressives aren't buying it. (Photo: Shutterstock)
Maybe it wasn't such a hot idea for pharmaceutical companies to decide to all raise prices at the same time, or to be so blatant about how profitable things are or how much they can charge for branded drugs.
Senator Bernie Sanders, I-VT, has teamed up with Representative Ro Khanna, D-CA, in offering a bill that goes after those rising prices by stripping monopoly protection from drug companies if their prices are judged to be too high.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
