by Countable | 2.12.18
Despite President Trump’s declaration to lower drug prices in his State of The Union address, and despite the focus on health care that dominated Congress for much of 2017, a bill with wide bipartisan support that would lower drug prices and save the federal government $3.8 billion over a decade is stalled on Capitol Hill.
The bill is called the CREATES Act. Its focus is on increasing competition by removing roadblocks to companies trying to develop generic alternatives to name brand drugs. According to the Washington Post, "It’s common for pharmaceutical companies to try to block competitors from creating generic versions of their products by either refusing to sell them the large quantities needed for the development process or by abusing special safety protocols as a way of safeguarding their drugs from competition."
The CREATES Act would allow companies looking to develop generics to sue name-brand companies that refuse to send the samples needed for testing. It would also authorize the Food and Drug Administration to develop alternative safety protocols if name-brand companies block generic companies’ participation in safety protocols.
Sen. Patrick Leahy (D-VT) sponsored the bill. The 16 co-sponsors include Sen. Ted Cruz (R-TX), Sen. Tom Cotton (R-AR), Sen. Dianne Feinstein (D-CA) and Sen. Amy Klobuchar (D-MN). FDA Commissioner Scott Gottlieb told the Post that the bill would be the best way to "speed up the entry of cheaper generics into the marketplace and lower the price of drugs overall."
Critics of the bill argue that the list of drugs that would be affected by the legislation is small (less than 45), and the potential increase in litigation would end up increasing costs to patients and taxpayers.
Despite the cost-savings projected by the Congressional Budget Office, the bill was not rolled into any funding bill yet approved by Congress. Leahy noted its absence from the continuing resolution approved last week on the Senate floor.
Congress will have to approve a new funding package by March 23. Countable will have a summary of the CREATES Act up soon to help you in reaching out to your lawmakers.
Should the CREATES Act be included in a future funding package? Why or why not?
Tell us in the comments what you think, then use the Take Action button to tell your reps!
— Asha Sanaker
(Photo Credit: Images Money via Flickr / Creative Commons)
Written by Countable
Political corruption stalled this bill and the ultra capitalist extremists in Washington have no plans to fix it. We get sick and they get rich.
Open the markets up Let’s use Canadian drug companies Easy fix
Of course it’s stalled. The lobbyists must be going berserk on this one. Each wielding a handful of no-limit credit cards and a smarmy smirk. Have I mentioned that I hate lobbyists?
Let's see, we have a mid term election coming up and getting contributions is the number one priority for all those running. And we all know that big pharma companies donate large amounts of money and expect something in return. Keeping their prices higher for one...
Easy fix. If it is an American company that developed the drug then we should get the lowest price of any developed country. Period the end!
It figures..money grubbing republicans won't do a damn thing to help middle class and poor people..everything for the RICH!
There is another word for generic, it’s called counterfeit, and it drives up prices. Drug prices are also largely set by what Medicare will reimburse. We need deregulation and more choices in the insurance industry. Yes that also means the repeal of Obamacare. The free market is the only thing that will bring down prices.
From a capitalist perspective, why should a drug company give samples to competitors to copy their drug and sell it cheaper? I would bet that there are other ways to reduce costs, starting with reforming health insurance, and, no, I don’t mean nationalizing healthcare/insurance. Allow for more competition, make doctor’s offices show prices for the services/tests they will provide. I would also be curious what other laws are in place that prohibit more competition among drug companies
Another promise broken with DT there were some issues I did agree and hoped he would change. But we all know that corporate profit TRUMPS trump when it comes to his Money and the money of the 1%
Easy fix. Open the markets up, break up the monopolies, the company trusts, and after all that if people STILL can’t afford offer substatises.
This bill would in no way enrich the donor class. As such it will not pass. Ever. This is the current role of government.
I happen to need a name-brand anti-seizure medicine. Because, apparently, the generic “equivalent” doesn’t work, for me. I have had doctors specify that I must receive the proper medicine. But, with Trumpster, it is a big concern to me.
How about you lower gas prices as well, again no trickle down from those big energy corporations who received huge tax breaks. 💣No, they say it is simply a case of supply and demand. 📉Well in case you haven't noticed, the American people are having a shortage in the supply of their patience with antics of the 1% and many of us are demanding that you all start paying your fair share!
The argument that creating generics would create more law suits is absurd! Companies are purposely keeping the prices high to prevent generics from being made! And whoever the moron in congress is, that stated it affected less than 45 drugs needs to check the facts! I pay over $583 for Lyrica. I pay over $600 for Hysingla! The same opiate would cost me $5 a bottle, but has now come under fire for people who abuse it! I’m disgusted that our Government can be bought and paid for by big Pharma, instead of working for the people!
There is nothing more important to this country at the moment than our president. What I want to know is what are you planning on doing to protect this country and it’s people from literally everything he does. I could give you a huge list but it’s been done. You’re all grown men. You know what’s happening. So you either agree with it or your scared. So I say this to you all. Man up or we find someone else who will.
This bill needs to happen. Americans are struggling and dying from drug prices being too high and the longer congress stalls on this, the more people suffer.
It’s not going to be easy to lower drug prices in the US. There’s too much profit to be made. This is one of the downsides to capitalism. Only those who can afford to live can afford to live.
Of course it did Follow the money Big pharmacy and all health care -simply follow the money
Because Government price control works so well. You want to lower prices, then get rid of all the stupid lawsuits against the drug companies.