Bipartisan Bill Would Help Lower Rx Drug Prices

The Trump administration recently announced its support for a bipartisan bill that would help curb prescription drug prices. The Prescription Drug Pricing Reduction Act—introduced by Senators Chuck Grassley, R-IA, and Ron Wyden, D-OR—would shield vulnerable senior communities on Medicare from rising drug costs and penalize pharmaceutical corporations for price gouging. In the past few years, pharmaceutical behemoths, facing little competition, doubled, tripled, and quadrupled the price of their prescription drugs.