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End Drug Price Gouging: Lower Medication Costs for All

This bill aims to lower prescription drug prices by setting maximum prices based on international rates. This means medications in federal programs, and for uninsured individuals, could become more affordable. Manufacturers who do not comply will face penalties, with collected funds directed towards new drug research.
Key points
Establishes maximum prescription drug prices based on international rates, potentially lowering costs for patients.
Lower drug prices will apply to federal health programs (e.g., Medicare, Medicaid) and all individuals, including the uninsured.
Drug manufacturers selling above the set price will face financial penalties, with funds supporting new drug research.
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Additional Information
End Price Gouging for Medications Act
Print number: HR 2829
Sponsor: Rep. Welch, Peter [D-VT-At Large]
Process start date: 2021-04-22