Sen. Brown introduces legislation to decrease prescription price - WFMJ.com News weather sports for Youngstown-Warren Ohio

Sen. Brown introduces legislation to decrease prescription prices

Posted: Updated:

In the ongoing effort to improve the Affordable Care Act, Senator Sherrod Brown and 13 other Democratic Senators introduced legislation aimed and bringing down the price of prescription drugs.

The Improving Access to Affordable Prescription Drug Act seeks to tackle prescription drug costs by increasing transparency and accountability, increasing access and affordability of some prescriptions and increasing choice options and competition.

"We can't ask Ohioans to choose between paying for medicine and putting gas in the tank or food on the table," Brown said. "President Trump said he wanted to lower drug costs and we're offering concrete proposals to make that happen."

A news release from Brown's office states the act would help ensure that drug companies put patients before profits and bring relief to families and seniors.

To increase transparency and accountability, the act would require drug manufacturers to disclose information such as manufacturing and marketing costs, acquisitions, federal investments, revenues and sales and other factors that influence drug prices.

This information would be reported to the Secretary of the Department of Health and Human Services who will make the information publicly available and searchable.

The act would also look at how patient assistance programs affect drug prices and look at the extent drug makers are using independent charity assistance programs to drive up profits.

The independent charity assistance programs would be required to disclose to the IRS the total amount of patient assistance provided to patients who are prescribed drugs manufactured by any contributor to the program. It also requires a study on the impact of patient assistance programs on prescription drug pricing and expenditures.

In order to make prescriptions more affordable, the act would require changes in drug prices to be monitored, and it would allow the Secretary of HHS to negotiate with drug companies to lower prices.

The Medicare Part D prescription coverage gap would be closed in 2018, two years earlier than under current law, and would require drug manufacturers to pay a larger share of costs during the coverage gap.

Prescription drug rebates would be restored for seniors who are dually eligible for Medicare and Medicaid and extends these rebates to other Medicare patients in Medicare low-income subsidy plans.

Beginning in 2019, prescription drug cost sharing would be capped at $250 per month for individuals and $500 per month for families enrolled in qualified health plans.

The act would work to foster innovation, including creating a $2 billion prize fund to fund entities that develop superior antibiotics that treat serious and life-threatening bacterial infections and to fund research to advance treatments.

In order to increase competition, the act would make it illegal for brand name and generic drug manufacturers to enter into anti-competitive agreements where the brand-name manufacturer pays the generic manufacturer to keep more affordable generic equivalents off the market.

The legislation was introduced by U.S. Sens. Al Franken (D-MN), Bernie Sanders (I-VT.), Sheldon Whitehouse (D-R.I.), Amy Klobuchar (D-Minn.), Elizabeth Warren (D-Mass.), Tammy Baldwin (D-Wis.), Jack Reed (D-R.I.), Kirsten Gillibrand (D-N.Y.), Maggie Hassan (D-N.H.), Dick Durbin (D-Ill.), Chris Van Hollen (D-Md.), Jeff Merkley (D-Ore.), and Richard Blumenthal (D-Conn.).

  • More NewsMore>>

  • GOP congressmen challenge new Pennsylvania district map

    GOP congressmen challenge new Pennsylvania district map

    Friday, February 23 2018 1:29 AM EST2018-02-23 06:29:00 GMT
    Pa Supreme Court draws a 'much more competitive' district mapPa Supreme Court draws a 'much more competitive' district map
    A request by Republican leaders in the Pennsylvania Legislature to stop a new congressional map from being implemented is now in the hands of the nation's highest court.More >>
    A request by Republican leaders in the Pennsylvania Legislature to stop a new congressional map from being implemented is now in the hands of the nation's highest court.More >>
  • US women beat Canada for gold in a 3-2 shootout thriller

    US women beat Canada for gold in a 3-2 shootout thriller

    Thursday, February 22 2018 11:56 PM EST2018-02-23 04:56:46 GMT
    (AP Photo/Matt Slocum). United States celebrates winning gold after the women's gold medal hockey game against Canada at the 2018 Winter Olympics in Gangneung, South Korea, Thursday, Feb. 22, 2018.(AP Photo/Matt Slocum). United States celebrates winning gold after the women's gold medal hockey game against Canada at the 2018 Winter Olympics in Gangneung, South Korea, Thursday, Feb. 22, 2018.
    The Americans' gold medal drought in women's hockey _ finally _ is over.More >>
    The Americans' gold medal drought in women's hockey _ finally _ is over.More >>
  • Physicians, lawmaker concerned about insurer's ER visit policy

    Physicians, lawmaker concerned about insurer's ER visit policy

    Thursday, February 22 2018 11:12 PM EST2018-02-23 04:12:24 GMT

    A relatively new policy by one of the largest health insurance companies in the country has caught the attention of a local lawmaker and a group of emergency physicians. If you're covered by Anthem, your emergency room visit could be denied if you're receiving care for a non-emergency.

    More >>

    A relatively new policy by one of the largest health insurance companies in the country has caught the attention of a local lawmaker and a group of emergency physicians. If you're covered by Anthem, your emergency room visit could be denied if you're receiving care for a non-emergency.

    More >>
  • More From wfmj.comHot ClicksMore>>

  • Florida executes inmate; Texas, Alabama executions halted

    Florida executes inmate; Texas, Alabama executions halted

    Friday, February 23 2018 1:34 AM EST2018-02-23 06:34:38 GMT
    (AP Photo/File). This photo combo shows death row immates, from left,  Thomas Whitaker from Texas, Doyle Lee Hamm from Alabama, and Eric Scott Branch from Florida. Executions are set for Alabama, Texas and Florida for the same night. If they are carrie...(AP Photo/File). This photo combo shows death row immates, from left, Thomas Whitaker from Texas, Doyle Lee Hamm from Alabama, and Eric Scott Branch from Florida. Executions are set for Alabama, Texas and Florida for the same night. If they are carrie...
    Executions are set for Alabama, Texas and Florida for the same night.More >>
    Executions are set for Alabama, Texas and Florida for the same night.More >>
  • Indian partners hawk dinner talk with Trump Jr for $39,000

    Indian partners hawk dinner talk with Trump Jr for $39,000

    Friday, February 23 2018 12:49 AM EST2018-02-23 05:49:01 GMT
    (AP Photo). The eldest son of U.S. President Donald Trump, Donald Trump Jr. , center, stands in front of Trump Towers after its inauguration in Pune, India, Wednesday, Feb. 21, 2018. Donald Trump Jr. said any talk that his family was profiting from his...(AP Photo). The eldest son of U.S. President Donald Trump, Donald Trump Jr. , center, stands in front of Trump Towers after its inauguration in Pune, India, Wednesday, Feb. 21, 2018. Donald Trump Jr. said any talk that his family was profiting from his...
    Want an evening out with Donald Trump Jr.? Sorry, even if you have an extra $39,000 it's probably too late to buy a "conversation and dinner" with the eldest son of the American president as he visits India.More >>
    Want an evening out with Donald Trump Jr.? Sorry, even if you have an extra $39,000 it's probably too late to buy a "conversation and dinner" with the eldest son of the American president as he visits India.More >>
  • Book Trump? Interest groups press case at his properties

    Book Trump? Interest groups press case at his properties

    Friday, February 23 2018 12:30 AM EST2018-02-23 05:30:07 GMT
    (AP Photo/Alex Brandon, File). FILE - In this Dec. 21, 2016, file photo, the Trump International Hotel in Washington. Special interests are holding meetings at properties owned by President Donald Trump, putting money in his pockets as they seek to inf...(AP Photo/Alex Brandon, File). FILE - In this Dec. 21, 2016, file photo, the Trump International Hotel in Washington. Special interests are holding meetings at properties owned by President Donald Trump, putting money in his pockets as they seek to inf...
    Quid pro Trump? Special interests are holding meetings at properties owned by President Trump, putting money in his pockets as they seek to influence his administration.More >>
    Quid pro Trump? Special interests are holding meetings at properties owned by President Trump, putting money in his pockets as they seek to influence his administration.More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms