Democrats have a plan to lower drug costs without hurting innovation
The party’s latest legislative proposal would bring the cost of medication more in line with the rest of the world
MOST DIABETICS need at least one shot of insulin a day to regulate their blood-sugar levels. Some need four, and in America, drug companies charge about $100 a vial—nearly seven times more than in any other OECD country. Older Americans, a third of whom live with diabetes, could soon pay as little as $35 a month thanks to a bill that the Democrats are trying to fast-track through Congress, much to the dismay of the pharmaceutical industry, which argues that the cost caps will damage innovation.
This article appeared in the United States section of the print edition under the headline “Drug deals”
United States November 20th 2021
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