Senator proposes bill to drastically reduce US drug prices
New, draconian measures aimed at lowering drug prices by preventing drug companies from exceeding certain price thresholds have been proposed in the US Senate.
The bill, co-sponsored by Democratic firebrand Bernie Sanders, would override patents covering products that were sold at a price higher than the median price listed in Canada, the UK, Germany, France and Japan.
If pharmaceutical manufacturers refuse to lower drug prices below that level, the legislation would permit the US government to green-light generic versions, regardless of existing patents.
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