Sanders Takes on Pharma Excesses with Rule to End ‘Price Gouging’

Labor News

Senator Bernie Sanders (I-VT), ranking Democrat on the Senate Budget Committee, speaks at a news conference. (Photo by Win McNamee/Getty Images)

Reprinted from Common Dreams by Jake Johnson on August 1, 2017.

In a move characterized as an effort to prevent large pharmaceutical companies from “goug[ing] American consumers after taking billions in taxpayer money,” Senator Bernie Sanders (I-Vermont) on Monday introduced a new rule that would require drugmakers to agree to set reasonable prices before being granted exclusive rights to produce vaccines and other life-saving drugs.

Sanders was joined by Representative Peter DeFazio (D-Oregon) in crafting and unveiling the rule, which the pair of lawmakers “first proposed two decades ago with bipartisan support.” The rule currently has 21 co-sponsors.

In the face of new developments, Sanders said in a statement, a rule addressing soaring prescription drug prices is as necessary as ever. …

Common Dreams 8/1

About Jeffrey Burman 1863 Articles

Jeff Burman represents assistant editors on the Guild’s Board of Directors. He can be reached at jeffrey.s.burman.57@gmail.com.

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