Harris vows to 'put people over profit' in prescription drug plan

[DonViejo]

BY JESSICA CAMPISI - 07/16/19 07:23 AM EDT

Sen. Kamala Harris (D-Calif.), a 2020 presidential candidate, on Tuesday unveiled a prescription drug plan that aims to put “people over profit” by cracking down on pharmaceutical companies for high-priced medications.

Harris said she can help lower the cost of prescription drugs and make health care more affordable to consumers by allowing the federal government to set fair prices for pharmaceutical companies, and forcing these companies to pay rebates if medications are sold at artificially high prices.

“As President, I will not stand idly by as Americans pay thousands of dollars for prescription drugs while big pharmaceutical companies rake in massive profits,” Harris said in a statement. “This plan puts people over profit by forcing these companies to reduce prices for consumers and holding them accountable when they gouge Americans.”

According to the proposal, 100 percent of drug makers’ profits would be taxed if they sell a product above the fair price. The revenue collected will be “directly rebated to consumers.”

more
https://thehill.com/homenews/campaign/453223-harris-vows-to-put-people-over-profit-in-health-care-plan

[mcar]

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