Hillary Clinton Suggests That Congress Actually Do Something About Predatory Drug Prices

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


The Dodd-Frank financial reform bill gave us the Consumer Financial Protection Bureau, designed to protect consumers from predatory lending. So how about a Consumer Pharmaceutical Protection Bureau to protect us from predatory drugmakers? That’s pretty much what Hillary Clinton proposed today in the wake of outrage over the 500 percent increase in the cost of EpiPens. Her proposed agency would be empowered to investigate price hikes for old drugs:

Should an excessive, outlier price increase be determined for a long-standing treatment, Hillary’s plan would make new enforcement tools available, including:

  • Making alternatives available and increasing competition: Directly intervening to make treatments available, and supporting alternative manufacturers that enter the market and increase competition, to bring down prices and spur innovation in new treatments.
  • Emergency importation of safe treatments: Broadening access to safe, high-quality alternatives through emergency importation from developed countries with strong safety standards.
  • Penalties for unjustified price increases to hold drug companies accountable and fund expanded access: Holding drug makers accountable for unjustified price increases with new penalties, such as fines — and using the funds or savings to expand access and competition.

In combination with her broader, previously announced prescription drug plan — which addresses the costs facing consumers from both long-standing and patented drugs — these new tools to address price spikes for treatments available for many years will lower the burden of prescription drug costs for all Americans.

EpiPens are hardly the first case of this happening. We’ve seen it many times before, and Republicans and Democrats alike join in a familiar dance: outrage, congressional hearings, and demands that this kind of price gouging end. But that’s it. Congress has no actual power to do anything, and eventually the attention dies away.

So now Hillary Clinton is suggesting that Congress do more. Instead of cheap grandstanding, create an agency with the power to actually do something. Republicans will rush to agree, right? Because they always claim to be as outraged by this stuff as Democrats. Right?

WE'LL BE BLUNT:

We need to start raising significantly more in donations from our online community of readers, especially from those who read Mother Jones regularly but have never decided to pitch in because you figured others always will. We also need long-time and new donors, everyone, to keep showing up for us.

In "It's Not a Crisis. This Is the New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, how brutal it is to sustain quality journalism right now, what makes Mother Jones different than most of the news out there, and why support from readers is the only thing that keeps us going. Despite the challenges, we're optimistic we can increase the share of online readers who decide to donate—starting with hitting an ambitious $300,000 goal in just three weeks to make sure we can finish our fiscal year break-even in the coming months.

Please learn more about how Mother Jones works and our 47-year history of doing nonprofit journalism that you don't find elsewhere—and help us do it with a donation if you can. We've already cut expenses and hitting our online goal is critical right now.

payment methods

WE'LL BE BLUNT

We need to start raising significantly more in donations from our online community of readers, especially from those who read Mother Jones regularly but have never decided to pitch in because you figured others always will. We also need long-time and new donors, everyone, to keep showing up for us.

In "It's Not a Crisis. This Is the New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, how brutal it is to sustain quality journalism right now, what makes Mother Jones different than most of the news out there, and why support from readers is the only thing that keeps us going. Despite the challenges, we're optimistic we can increase the share of online readers who decide to donate—starting with hitting an ambitious $300,000 goal in just three weeks to make sure we can finish our fiscal year break-even in the coming months.

Please learn more about how Mother Jones works and our 47-year history of doing nonprofit journalism that you don't elsewhere—and help us do it with a donation if you can. We've already cut expenses and hitting our online goal is critical right now.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate