Lower Drug Costs Now (Government Price Control of Prescription Drugs)

Session Year: 
2019
Bill Category: 
Federal
Legislative Category: 
House
Recommendation: 
Oppose
Details and Updates: 

The first price control would set an upper limit for drug prices that would be equal to 1.2 times the cost of a drug’s average price in six specified countries (Australia, Canada, France, Germany, Japan, and the United Kingdom). This price control would uncouple drug prices from the market forces of supply and demand and tether them to the arbitrary whims of foreign bureaucrats....

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