Drug Prices Now A Bipartisan Campaign Prop
This article was originally published in Scrip
While the price hikes of some older drugs have been talking points over the past month for Democratic presidential candidates former Secretary of State Hillary Clinton and Sen. Bernie Sanders (I-VT), Sen. Marco Rubio (R-FL), who aspires to be the Republican nominee, has joined in on using the issue as a prop on the campaign trail.
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Allergan CEO Brent Saunders vows not to engage in price gouging and says his firm will limit cost increases to single-digit percentages, occurring only once per year. But it's unclear whether Saunders will stand as a lone wolf in the industry or if others will make similar pledges.
Hillary Clinton's plan to rein in high prices of older medicines, which includes creating a federal panel that has authority to impose fines, may grab headlines, but some analysts think it's unlikely to get very far in a divided Washington.