In a previous blog post, we went over why drug prices can rise seemingly without explanation and how the cost of medications ranks as a top priority to a majority of Americans. We are now in the midst of primary elections in the United States, and candidates from both parties have addressed the issue and proposed different policies.
In the same prior blog post, we mentioned a proposed bill for the Prescription Drug Affordability Act. Independent Senator from Vermont and Democratic Presidential Candidate Bernie Sanders proposed the bill aimed at assisting individuals with Medicare with the high costs of medications, allow government negotiations with pharmaceutical companies, and importing medications from nations that offer life-saving drugs at a lower price (particularly Canada where drug prices are 40% lower than in the US). His presidential campaign is running on a platform of transparency in drug pricing and to prohibit anti-competitive “pay-for-delay” deals that keep cheaper generic medications being made available.