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Affordable Prices for Taxpayer-Funded Medicines Act

This bill aims to lower prices for drugs and other medical products developed with taxpayer money. It ensures Americans won't pay more than people in other wealthy countries for these products.
Key points
Requires fair prices for medical products developed with government support.
Prices cannot be higher than the median in Canada and six other wealthy countries.
Companies must disclose research costs and sales revenues.
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Additional Information
Print number: 117_HR_4991
Sponsor: Rep. DeFazio, Peter A. [D-OR-4]
Process start date: 2021-08-10