How Mayor Pete would regulate drug prices
Without wading into the Rube Goldberg machine that is the infinite Iowa caucus, one definite takeaway is that it was positive for Pete Buttigieg. The former mayor of South Bend, Ind., appears to have received the second most votes of any candidate, behind Sen. Bernie Sanders. And that feels like reason enough to take a closer look at his ideas on drug pricing.
As STAT’s Lev Facher reports, Buttigieg’s drug pricing platform is strikingly similar to that of House Speaker Nancy Pelosi. It’s aggressive, but wonkily so. For instance, his plan would task the health secretary with negotiating lower prices for certain expensive drugs, and manufacturers who hold out would be punished with rapidly escalating taxes. He’s also in favor of exercising so-called march-in rights, which would allow the government to approve generics before a given drug loses patent protection.
“It’s up to the industry whether this is gonna have to be a war or not,” Buttigieg told STAT in October. “But success for patients shouldn’t have to mean defeat for drug makers.”
Read more.
And speaking of the Democratic primary, you can find more candid comments on the rising cost of medicine from the rest of the candidates here.
As STAT’s Lev Facher reports, Buttigieg’s drug pricing platform is strikingly similar to that of House Speaker Nancy Pelosi. It’s aggressive, but wonkily so. For instance, his plan would task the health secretary with negotiating lower prices for certain expensive drugs, and manufacturers who hold out would be punished with rapidly escalating taxes. He’s also in favor of exercising so-called march-in rights, which would allow the government to approve generics before a given drug loses patent protection.
“It’s up to the industry whether this is gonna have to be a war or not,” Buttigieg told STAT in October. “But success for patients shouldn’t have to mean defeat for drug makers.”
Read more.
And speaking of the Democratic primary, you can find more candid comments on the rising cost of medicine from the rest of the candidates here.
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