Big pharmaceutical companies are supposed to make drugs that heal people, not rip them off.
But all too often, our system allows those companies to do just that, hurting seniors and working families in the process.
How bad is it? Maybe you heard the story of the “Pharma Bro” who launched a hedge fund two years after college, created a pharmaceutical company, bought the rights to a life-saving AIDS and malaria drug, and jacked up the price from $13 to $750.
By passing the Improving Access to Affordable Prescription Drugs Act, Congress can stop pharmaceutical price gouging and allow Medicare to negotiate fair drug prices and lower costs for seniors. We are the wealthiest country on earth, and yet our laws favor Big Pharma’s greed over the health of the American people.
I'm outraged by investors who are buying up drug companies and jacking up the prices 10-fold or worse. Are you as outraged as I am?
Americans overwhelmingly agree that Congress must act to stop prescription drug corporations from gouging consumers with high prices on the medicines they need to lead healthy and productive lives. I urge you to support the "Improving Access to Affordable Prescription Drugs Act," which would, among other reforms:
Roll back prescription drug corporation monopolies to increase competition and make medicines affordable for everyone;
Hold to account companies that engage in price gouging, fraud and other abuses;
Allow Medicare to negotiate fair drug prices and lower out of pocket costs for seniors;
And, require transparency from drug corporations, including financial information like profits and pricing data.
Pass this vital bill to lower prescription drug prices without delay!