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.
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