US Senator Bernie Sanders (I – VT) is looking to include price caps on drugs developed with federal funding into a reauthorization of the 2006 Pandemic and All-Hazards Preparedness Act. The proposal would place a ceiling price that matches the lowest price for a given drug in France, Germany, Japan, Canada, the UK, or Italy.
According to Zachary Brennan, “HELP ranking member Bill Cassidy (R-LA), meanwhile, put forth his own perspective on drug pricing today in an op-ed in Stat News, taking a shot at Sanders’ reforms, which he called “price setting” and said that they “hack away at the entire system for the possibility of short-term benefit.””
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(Source: Endpoints News, July 5th, 2023)