LATEST SENATOR BROWN
Brown, Gillibrand, Franken, Reed, Hassan, Udall Introduce Legislation to Protect Americans from Prescription Drug Price Spikes
WASHINGTON, D.C. –Today, U.S. Sens. Sherrod Brown (D-OH), Kirsten Gillibrand (D-NY), Al Franken (D-MN), Jack Reed (D-RI), Maggie Hassan (D-NH), and Tom Udall (D-NM) introduced legislation to penalize pharmaceutical companies that engage in price gouging without cause, leading to price spikes for patients who rely on medication to treat diseases ranging from cancer to opioid addiction.
The Stop Price Gouging Act would hold drug companies accountable for large price increases, and, according to Health Affairs Blog, would result in billions of dollars in savings for taxpayers. Nearly 28 million Americans have personally experienced a sudden spike in the price of their prescription drugs over the past year according to consumer reports.
The Stop Price Gouging Act would:
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