Drug prices While pharmacompanies argue that other countries using price controls stifleinnovation in the creation of new drugs, progressives aren't buyingit. (Photo: Shutterstock)

Maybe it wasn't such a hot idea for pharmaceutical companies todecide to all raise prices at the same time, or to be soblatant about how profitable things are or how much they cancharge for branded drugs.

Senator Bernie Sanders, I-VT, has teamed up with RepresentativeRo Khanna, D-CA, in offering a bill that goes after those risingprices by stripping monopoly protection from drug companies iftheir prices are judged to be too high.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.