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Foreign Drug Pricing Puts America s Most Vulnerable Patients Last

Foreign Drug Pricing Puts America s Most Vulnerable Patients Last April 13 2021 4:48 PM EDT It s no coincidence that American companies led the charge to develop Covid-19 vaccines. Numerous policies from strong patent protections to a welcoming immigration system help ensure that the world s smartest scientists can pursue cutting-edge research here. Many Americans, especially those with HIV, are alive today thanks to this innovation. Unfortunately, these same Americans have the most to lose if a well-intentioned but misguided drug-pricing bill becomes law. The proposal introduced in 2019 as the Lower Drug Costs Now Act, or H.R. 3, and set to return within weeks would set drug prices, pegging Medicare payments to the average price in six other developed countries.

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