Americans pay, by far, the highest prices for prescription drugs in the entire world.
Access to health care is a human right, and that should include affordable prescription drugs. Yet we have companies like Mylan, Turing Pharmaceuticals, and Ariad Pharmaceuticals that love to hike drug prices up. This means that many life saving drugs have become unaffordable for the average American family.
Last year, the former CEO of Turing Pharmaceuticals raised the price of an AIDS drug from $13.50 per pill to $750.00 – overnight.
Prices for drugs overall have increased more than tenfold between the year 2000 and today. The average price of cancer drugs is increasing by over $8,000 a year.
It is time for Congress to pass legislation to regulate pharmaceutical drug prices and end price gouging. This should also include things such as allowing Medicare to negotiate drug prices, allowing the importation of cancer drugs across U.S. borders for personal use, legislation that prevents drug companies from delaying access to generic drugs and extending the life of drug patents, and creating an FDA approval group or mechanism that can estimate and propose a fair price for new treatments.