During a campaign stop in Iowa Tuesday, Hillary Clinton unveiled her proposal for a $250 monthly cap on out-of-pocket prescription drug costs.
The Democratic presidential candidate said she wants to stop "price gouging" by pharmaceutical companies, Reuters reports. "We need to protect hard-working Americans here at home from excessive costs," Clinton said in Des Moines. "Too often these drugs cost a fortune."
Clinton's plan calls for encouraging the development and use of generic drugs, and making it so pharmaceutical companies can no longer write off direct advertising to consumers as a business expense — if that was stopped, she said, the government could receive billions of dollars in tax revenue. Clinton also proposes banning "pay-for-delay agreements," which occur when a brand-name drug owner pays a generic competitor to keep its product off the market for a set period of time; allowing people to buy drugs from other countries as long as there are strict safety standards; and having Medicare negotiate with pharmaceutical companies over drug prices and rebates.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
‘The problem isn’t solved by simply swapping out the faces on screen’Instant Opinion Opinion, comment and editorials of the day
-
3 officers killed in Pennsylvania shootingSpeed Read Police did not share the identities of the officers or the slain suspect, nor the motive or the focus of the still-active investigation
-
Fed cuts interest rates a quarter pointSpeed Read ‘The cut suggests a broader shift toward concern about cracks forming in the job market’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
