Mar 30, 2023
So last year, Congress passed the Inflation Reduction Act, which finally gives HHS the authority to negotiate drug prices for a select number of high-priced brand-name drugs.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
congress.gov
Mar 30, 2023
Okay. So drug companies use these tricks, and a lot of others, to keep their monopolies and keep pushing prices higher and higher and higher.
Mar 30, 2023
Despite these wins, there is more that we need to do to reduce exorbitant drug prices for all Americans.
Mar 30, 2023
Wow. Well, you know, we must ensure that drug companies do not rely on tricks in order to avoid competition.
Mar 30, 2023
So, think about that. More than three out of four new patent applications for pharmaceuticals are for existing drugs.
Mar 30, 2023
But we also cannot lose sight of the ways that drug companies continue to abuse our intellectual property laws to drive out competition, to jack up prices, and to protect their profits.
Mar 30, 2023
Despite these wins, there is more that we need to do to reduce exorbitant drug prices for all Americans.
Mar 30, 2023
Wow. Well, you know, we must ensure that drug companies do not rely on tricks in order to avoid competition.
Mar 30, 2023
So, think about that. More than three out of four new patent applications for pharmaceuticals are for existing drugs.
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