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

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.


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?

DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight 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