Sen. Elizabeth Warren on Tuesday became the latest 2020 presidential contender to target soaring prescription costs, saying the U.S. government should act as a generic-drug manufacturer to force down prices.
A bill from Mrs. Warren, Massachusetts Democrat, would set up a manufacturing office within the Department of Health and Human Services to make select drugs and offer them at affordable prices.
She says the generic market is supposed to inject competition into the markets, yet too few companies vie for consumer dollars, leaving prices high.
The industry cannot be trusted to correct itself, she added, as the Department of Justice reportedly investigates a “massive price fixing conspiracy” among generic manufacturers.
“In market after market, competition is dying as a handful of giant companies spend millions to rig the rules, insulate themselves from accountability, and line their pockets at the expense of American families,” Mrs. Warren said. “The solution here is not to replace markets, but to fix them.”
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