Author Topic: Warren unveils bill to lower drug prices by letting government manufacture them  (Read 398 times)

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Online mystery-ak

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By Peter Sullivan


Sen. Elizabeth Warren (D-Mass.) on Tuesday unveiled a bill aimed at lowering drug prices by allowing the government to step in and manufacture certain drugs that lack competition.

The bill from Warren, who is considered a likely 2020 presidential contender, comes as Democrats are putting forward a range of new ideas on how to lower drug prices, a top priority for the public and an issue that President Trump has also highlighted.

Warren's bill would create a new office in the Department of Health and Human Services that would be empowered to manufacture generic drugs itself and sell them at fair prices, if no company is already making the drug, or if one or two companies are making the drug and the prices spike.

"In market after market, competition is dying as a handful of giant companies spend millions to rig the rules, insulate themselves from accountability, and line their pockets at the expense of American families," Warren said in a statement.

Other possible Democratic presidential contenders have also been pointing to ideas to lower drug prices recently.

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https://thehill.com/policy/healthcare/421829-warren-unveils-bill-to-lower-drug-prices-by-letting-government-manufacture?amp&__twitter_impression=true
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Offline RoosGirl

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NO No nO no!

Online DB

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The very definition of socialism.

Never mind those who put their money, time and resources into creating the drug in the first place. Take the incentive out of coming up with new drugs and you won't get new drugs.

Offline InHeavenThereIsNoBeer

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The very definition of socialism.

Never mind those who put their money, time and resources into creating the drug in the first place. Take the incentive out of coming up with new drugs and you won't get new drugs.

While I still think this is a bad idea, it's about generics (for now?).
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That is not how things work in a capitalistic society. 
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Online libertybele

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Evidently DEM women aren't the sharpest pencils in the drawer and she's one of them.
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Offline austingirl

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The federal government does not and never has produced anything. Since they can't even push paper effectively, how could they possibly manufacture something. They would make 40% more than workers in the private sector, have much better benefits and have a huge number of holidays. Warren is a moron.
« Last Edit: December 20, 2018, 01:22:07 am by austingirl »
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