Senator Tammy Baldwin has set her sights on big pharma.
Sen. Baldwin, along with Senators Catherine Cortez from Nevada and Amy Klobuchar of Minnesota, have introduced the Lower Drug Costs for Families Act, which they say will hold big pharma accountable and reduce the national deficit by billions of dollars.
If passed, the bill would punish “drug companies for raising prescription drug prices in the commercial market faster than the rate of inflation, including those on private health insurance and employer-sponsored health plans.”
Sen. Baldwin explained the measure came about thanks to feedback from her constituents.
She noted, “Too often big corporations can jack up drug prices on a whim, leaving Wisconsinites stuck between paying through the nose or forgoing their medication while big pharmaceutical companies get richer. This legislation will build on our work to lower costs for Wisconsin families and protect all Americans from big drug companies’ outrageous price hikes.”
This legislation has been endorsed by the AFL-CIO, the American Federation of Teachers, Patients for Affordable Drugs Now, and the United Mine Workers of America.
