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n2doc

(47,953 posts)
Tue May 19, 2015, 12:34 PM May 2015

Bernie Sanders is unleashing a plan to make prescription drugs cheaper

Generic drug prices have nearly quadrupled in the past five years — and Sen. Bernie Sanders (I-VT) has a plan to fix it.

On Monday, Sanders, who is also running for the Democratic presidential nomination, rolled out a proposal that would place strict limits on how quickly pharmaceutical companies could hike generic drug prices. Specifically, drug manufacturers would have to pay a rebate back to Medicaid if their drug prices grew faster than inflation. Rep. Elijah Cummings (D-MD) is introducing the same bill in the House.

Generic drugs are cheaper versions of drugs that have lost their patent. But in recent years, the prices for generic drugs have been rising quickly and inexplicably. One report from pharmacy benefits manager Catamaran found that consumers paid, on average, $13.14 for each prescription of the 50 most popular generics in 2010. By 2014, they paid $62.10 — a 373 percent increase.

Sanders has previously cited federal records at hearings, showing that the prices of more than 1,200 generic medications rose an average of 448 percent between July 2013 and July 2014.

more

https://www.vox.com/2015/5/19/8624879/sanders-prescription-drug-prices

14 replies = new reply since forum marked as read
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Bernie Sanders is unleashing a plan to make prescription drugs cheaper (Original Post) n2doc May 2015 OP
Our seniors desperately need this! kenfrequed May 2015 #1
Agreed. darkangel218 May 2015 #2
+1 Sobax May 2015 #4
A storekeeper screws a few people on plywood during a hurricane, they might get sued, even jtuck004 May 2015 #3
Bernie waits for no one! kenfrequed May 2015 #5
Which of course we will be told..... daleanime May 2015 #7
Freaking KICK! NYC_SKP May 2015 #6
Money. Fearless May 2015 #9
Bernie has been on a tear, rolling out bill after bill and appearance after appearance! Dustlawyer May 2015 #8
No one running, Paka May 2015 #14
Bernie!! AzDar May 2015 #10
It's amazing. Bernie is a great Senator and candidate for the presidency. Enthusiast May 2015 #11
Specifics! Unlike some other candidates with fawning media hordes. Doctor_J May 2015 #12
Yes Specifics! Autumn May 2015 #13

kenfrequed

(7,865 posts)
1. Our seniors desperately need this!
Tue May 19, 2015, 12:39 PM
May 2015

Actually we all need this!

Our government seems more concerned with securing the future of Pfizer's profits (see also: the TPP) than they do assuring that they don't gouge people for medication they need to survive. We need cost controls on these jerks!

 

jtuck004

(15,882 posts)
3. A storekeeper screws a few people on plywood during a hurricane, they might get sued, even
Tue May 19, 2015, 01:25 PM
May 2015

criminally charged.

But we let companies exploits working Americans for excessive profits - that's you - and need to elect someone new to do something about it.

Hoping we get a Democrat this time, or is something else supposed to be the magic potion?

Go Bernie. But why wait?

kenfrequed

(7,865 posts)
5. Bernie waits for no one!
Tue May 19, 2015, 02:00 PM
May 2015

He is rolling out a lot of his policy positions that are part of of his platform on the floor of the US Senate!

Dustlawyer

(10,495 posts)
8. Bernie has been on a tear, rolling out bill after bill and appearance after appearance!
Tue May 19, 2015, 02:27 PM
May 2015

He has the patience of Job in these interviews where each and every interviewer has to ask the long shot question, or "Do you think you have a chance?" Real a Democrats should be lining up behind this man instead of conceding they have to vote for Hillary. She is so bought off she won't take a position on the TPP. Your running for President and you don't weigh in on this issue? I know there are a lot of Hillary supporters here, but ask yourself, would she be better than Bernie?

Paka

(2,760 posts)
14. No one running,
Thu May 21, 2015, 03:19 AM
May 2015

or even thinking about running, that would be better than Bernie. Whether Democrat, GOP or Independent, all caring intelligent individuals should be clamoring to vote for this man.

Enthusiast

(50,983 posts)
11. It's amazing. Bernie is a great Senator and candidate for the presidency.
Tue May 19, 2015, 06:23 PM
May 2015

Even more amazing, the others are not worth a fuck.

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