Decrying America’s shameful status as the only industrialized nation on Earth that lets pharmaceutical giants hike drug prices without restraint, Sen. Bernie Sanders (I-Vt.) and Rep. Ro Khanna (D-Calif.) on Tuesday unveiled legislation that would crack down on Big Pharma’s government-granted monopolies by requiring the Secretary of Health and Human Services to approve far cheaper generic competition if companies refuse to bring drug prices into line with international standards.
“Senator Sanders’ and Representative Khanna’s bill to fix our drug pricing system, signed into law, will save thousands of American lives.”
—Hagop Kantarjian, M.D”No other country allows pharmaceutical companies to charge any price they want for any reason they want. Somebody in America today can walk into a pharmacy and find out that the medicine they have been using for years can double, triple, or quadruple literally overnight. That needs to change,” Sanders declared in a statement. “The greed of the prescription drug industry is literally killing Americans and it has got to stop.”