Clinton to Propose Penalties for ‘Unjustified’ Drug Price Hikes

Source: bloomberg





Clinton to Propose Penalties for ‘Unjustified’ Drug Price Hikes


Anjali Cordeiro

September 2, 2016 — 6:00 AM CDT


Democratic presidential nominee Hillary Clinton plans to outline new proposals to curb drug prices that will include penalties for unjustified increases and a team of federal officials to monitor the pricing of medicines.

The proposals would mark an acceleration in Clinton’s assault on the cost of medicines after she called for Mylan NV to drop prices of its EpiPen emergency allergy shot, causing the stock to plummet.

The Clinton proposals will call for the creation of a new drug-pricing consumer response team that will include federal public health and competition officials, according to a Clinton aide. The group will monitor sharp price increases, potentially recommend penalties for unjustified hikes and help make cheaper drugs available.

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Read more: http://www.bloomberg.com/news/articles/2016-09-02/clinton-to-propose-penalties-for-unjustified-drug-price-hikes-islnfhmn

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Jennifer Epstein ?@jeneps 22m22 minutes ago

Clinton adds to drug price plan with proposal to penalize price hikes that are determined to be "unjustified"