Gillibrand taking on big pharma and prescription price gouging

[oberliner]

New York Senator Kirstin Gillibrand is taking on pharmaceutical companies, in an effort to keep prescription costs low. She made a stop in Canandaigua Monday morning to talk about price gouging on many brand name medicines.

Gillbrand spoke at the Ferris Hills senior living community, saying she hears complaints about drug costs all the time from constituents, and while it’s a problem with really anyone who needs a prescription, it’s an urgent issue for many seniors, many of whom lived on a fixed income.

She says she’s working on a number of bills to battle this crisis.

"First I have a bill that would basically say if these drug companies raise rates exponentially, 15-20%, that we take away their profits. That it’s a sliding scale. And if they do raise their drug prices by more than 20% you take away all their profits from that sale. To really incentivize them to stop gouging

http://www.wxxinews.org/post/gillibrand-taking-big-pharma-and-prescription-price-gouging

[Ilsa]

1. These high prices are killing Medicaid, too.

It's theivery.

[Bradshaw3]

2. Interesting since she was No. 3 senator getting money from big pharma

https://www.opensecrets.org/industries/recips.php?ind=H4300&cycle=2018&recipdetail=S&Mem=Y&sortorder=U

Perhaps this is positioning for a 2020 run?

[LakeArenal]

3. Wow. She is a political opportunist.

Good information to know.

[Bradshaw3]

4. At the end it says her bill has no bipartisan support

In other words, it has no chance to pass. But she got a headline saying she is "taking on big pharma."

[LakeArenal]

5. Very manipulative, too.

Good to know also. Thanks!

[TheCowsCameHome]

6. Haha. "We (government) take away their profits...."

No wonder it has no support.

Haha.