Posted by Michael Wonder on 16 Nov 2019
Booker and Sanders propose a new federal agency to set drug prices
15 November 2019 - Senators Cory Booker and Bernie Sanders are pushing for the creation of a new federal agency aimed at controlling the rising cost of prescription drugs.
The pair, who are both vying for the 2020 Democratic presidential nomination, proposed a bill Friday that would create a Bureau of Prescription Drug Affordability and Access, which would be responsible for determining the list prices of medications.
The big stick: If a drug maker didn't comply, the government would void its exclusivity protections and allow other companies to produce generic versions of the medicine.
