Posted by Michael Wonder on 17 Jul 2019
Kamala Harris introduces plan to lower prescription drug prices
16 July 2019 - Senator Kamala Harris unveiled a plan Tuesday to lower prescription drug prices if she's elected president.
The senator's plan would task the Department of Health and Human Services with setting "fair" prescription drug prices. The price would be determined in part by looking at the prices for the drug in other industrialised countries such as the United Kingdom and Canada.
And if the companies continue to sell the drug at a higher price than the one set by HHS, Harris would have the government tax their profits from the drug at 100%, with the money reallocated to consumers in the form of rebates.
