Senator Elizabeth Warren (D-MA) introduced a Bill, Affordable Drug Manufacturing Act, to Create a Government-Run Pharmaceutical Manufacturer to bring Down Prices.

The Affordable Drug Manufacturing Act seeks to address the Increasing Prices of Prescription Drugs by Injecting Competition into the Marketplace, consequently Lowering the Cost of Mass-Produced Generic Drugs. The Bill would Create the Office of Drug Manufacturing, which would be Housed within the Department of Health and Human Services (HHS).

In a Statement, she said: "Forty-seven states and the Justice Department are investigating a price-fixing conspiracy that’s driving up the cost of generic drugs in the United States. One investigator called it 'most likely the largest cartel in the history of the United States.' This crisis calls for action. That is why I’m introducing legislation to authorize the public manufacture of generic drugs wherever drug companies have warped markets to drive up prices."

With this Bill, Warren is putting oxygen in the room for a Progressive Democratic Congressional Agenda in 2019.

When Brand-Name Drug Patents expire, Market Forces are supposed to kick in to Lower Prices as Companies rush to make Generic Versions. But the Generic Drug Market, which Supplies nearly 90% of the Country’s Prescriptions, is Broken in Fundamental ways. Big Drug Companies have Rigged the Markets. They've put Profit and Greed over Public Health.

Today, 40% of Generic Drugs are made by a Single Company and the Majority are Manufactured by only One or Two Companies.

Many Drugs whose Patents have Expired simply sit on the Shelf with No Producer at all.

And some Companies even Buy Up Expired Patents to Corner the Market and Jack Up Prices, all to Rake in Cash on the Backs of Patients.

If the Drug Companies won't bring Down Prices, the Government should make the Drugs and Sell them Cheaply to the Public.

This July, Alex Lawson of Social Security Works and Stephanie Taylor, Progressive Change Campaign Committee PAC (PCCC) Co-Founder, wrote:

"One way to address that dilemma is to create a taxpayer-owned drug company to produce and distribute medications at affordable prices -- especially drugs that have been developed with U.S. taxpayer dollars."

CLICK HERE to Sign a Petition telling Congress to Pass the Bill.










NYC Wins When Everyone Can Vote! Michael H. Drucker