The bill goes after a drug's list price, how much an uninsured patient will pay for a drug without any discounts or rebates to help bring the cost down. (Photo: Shutterstock)
If Senators Cory Booker, D-New Jersey, and Bernie Sanders, I-Vermont, have their way, a new federal agency would have the mission of controlling drug prices.
The Hill reports that the senators' proposed legislation, the Prescription Drug Affordability and Access Act, would form the Bureau of Prescription Drug Affordability and Access. Senator Kamala Harris, D-California, has signed on as a cosponsor.
The bill goes after a drug's list price, how much an uninsured patient will pay for a drug without any discounts or rebates to help bring the cost down.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
