Sen HawleyMO introduced legislation aimed at cutting drug costs, but the legislation aligns him more with Senate Democrats than the GOP on the matter. Hawley says the two pieces of legislation will 'put Big Pharma on notice.'
Hawley says the two pieces of legislation will"put Big Pharma on notice" and continue his recent push to cap drug costs amid inflation.“Our prescription drug market is rigged in favor of Big Pharma and Big Insurance, and patients are paying the price.
The Fair Prescription Drug Prices for Americans Act would require pharmaceutical companies to sell drugs in the U.S. at a rate at or less than the average price of the drug in G-7 countries, which includes Canada, France, Germany, Japan, Italy, and the United Kingdom. Drug companies would be subject to fines if they sell drugs above the average price.
The Senate GOP tends not to support legislation capping drug prices, with only seven GOP senators, including Hawley, voting for an amendment to the Inflation Reduction Act that would have capped insulin prices.
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