Sen. Bernie Sanders Promises to Cut Prescription Drug Costs by 50 Percent

By Melanie Arter | April 2, 2019 | 9:47am EDT
Sen. Bernie Sanders (I-Vt.) (Photo by Mark Wilson/Getty Images)

( - Sen. Bernie Sanders (I-Vt.) made a campaign promise, telling CBS’s “Face the Nation” on Sunday that if he’s elected president, he plans to cut prescription drug costs in half.

“Margaret, let me make a campaign promise to you and you can repeat this, play this tape over if I'm elected president, and that is, if I am elected president, I'm going to cut prescription drug costs in this country by 50 percent so that we are not paying any more than other major countries are paying. Maybe we can do better than that,” he said.


When asked how he plans to do that, Sanders said, “Because we will look at the average costs of prescription drugs in Canada, U.K., Germany, Japan, and France. We will look at their average costs, which are 50 percent lower than they are in the United States, and we will do that.



“And if the pharmaceutical industry, which made 50 -- the five major companies made $50 billion in profits last year. They pay their CEOs outrageous compensation packages. If they don't like that, then we'll take a look at their patents,” he said.

Sanders said he plans to re-introduces his Medicare for all plan in this Congress in the next couple weeks.

“When we do that, what we understand is that it is just not acceptable that 30 million Americans have no health insurance and even more are underinsured with high deductibles and high copayments,” he said.



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