Hillary Clinton Reveals Drug Cost Proposal, After One Drug Price Increases 5000 Percent

Hillary Clinton unveils her plan at a town hall meeting in Iowa to discuss prescription drug costs, in height of the recent drug increase by Turing Pharmaceutical CEO.

Hillary Clinton rolls out a plan tuesday to lower prescription drug costs.

This news comes a day after the CEO of Turing Pharmaceuticals raises the cost per pill from $13.50 to $750—a 5,000 percent increase. The Democratic frontrunner tweeted in response saying, "Price-gouging like this in the specialty drug market is outrageous."

The multipart plan Clinton unveiled at Tuesday’s town hall meeting in Iowa include denying tax breaks for pharmaceuticals, regulating revenues companies spend on research and development, and allowing medicare to negotiate with drug companies over prices.

Other components of the plan include a monthly cap on how much insurers could ask people to pay out of pocket for specialty drugs and prohibit drug companies from keeping generics off the market—saving 10 billion dollars. It would also allow Americans to import cheaper drugs from Canada and other foreign countries -- a factor that democratic candidate Bernie Sanders also recently proposed in his bill.

According to the New York Times, Clinton says the Republican candidates are vying to get rid of the Affordable Care Act. However, if she is elected, she would fix the flaws of Obama’s policy and not take away health coverage from 16 million people.

Written by

Kanika Lal

Kanika Lal moved to Los Angeles to pursue her career as a host, writer, and producer. She currently works for Ora TV’s NewsBreaker where she constantly keeps up with the latest stories, writes, and broadcasts them from Ora studios. Kanika began her love for journalism at The Hollywood Reporter as a digital news producer and red carpet correspondent. She had the honor of interviewing Anderson Cooper, John Mayer, Cate Blanchett, and covered the 71st Annual Golden Globes. After a rewarding and solid year, she then took her skills a step closer to her passion: hosting. You can catch her recapping television shows under Maria Menounos’ AfterBuzz TV as well as hosting and producing a Bollywood show for Menounos’ Popcorn Talk network. Kanika thrives on self-expression, and she achieves that through Indian classical and contemporary dance as well as hip-hop. She also has small but growing acting credits under her name, as she strives to branch out creatively. Kanika thrives on discovering hidden stories and engaging with a variety of people. She hopes to have an influence in the world of arts, pop culture, politics, and science.

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