Issue Position: Drug Prices

Issue Position

Americans pay much more for prescription drugs than people in many other countries. Some brand-name drugs can cost five to ten times more in the United States. And the problem is getting worse under President Trump. As 2020 began, more than 60 drug makers raised the prices of hundreds of drugs.

Mike will lower drug prices by taking common-sense steps. He will work with Congress to give Medicare the power to negotiate prices with drug companies. And he will cap Medicare beneficiaries' out-of-pocket spending on drugs at $2,000 per year.

How Mike Will Get It Done:
Give Medicare the power to negotiate prices with drug companies
Cap Medicare beneficiaries' out-of-pocket spending
Change patent laws to get generic drugs on the market faster
Leverage the federal government's investments in drug research

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