Senator Josh Hawley, a Republican from Missouri, is urging Congress to adopt legislation that will lower the cost of prescription drugs for Americans. With the Ending the Prescription Drug Kickback of 2023 and the Fair Prescription Drug Prices for America Act, he is appealing to both sides of the political spectrum.
Rebates for pharmaceutical companies and pharmacy benefit managers are eliminated by Hawley’s measures. Additionally, they use sanctions against pharmaceutical firms that charge their customers exorbitant costs.
According to the regulations, the secretary of health and human services must research the average price of prescription drugs in comparable countries like Japan, Canada, the United Kingdom, France, Germany, and Italy.
Heavy fines will be imposed on American pharmaceutical corporations that charge above-average prices.
Democrats are warming up to the Republican Senator’s appeal after Hawley had made an effort to keep insulin pricing around $25 per month. According to Hawley, Americans shouldn’t be footing the bill for expenses that enrich the bottom lines of powerful pharmaceutical corporations.
Hawley is pleading with fellow Republicans to defend American citizens rather than the interests of Big Pharma. He holds Big Pharma accountable for the American opioid crisis and accuses the pharmaceutical industry of being dishonest about its financial performance.
Hawley made it clear that he will not support insurance companies’ associated commercial interests with Big Pharma when he spoke out about their engagement as well. He claims that they negotiate lucrative bribes and then raise consumer prices, hurting ordinary Americans while driving up their bottom line.
Hawley has had to overcome partisan disapproval over a photo of himself taken during the protests on January 6. He is renowned for being among the Republican party’s most conservative senators, particularly when it comes to social matters.
His efforts to scrounge money from pharma and insurance firms for the benefit of those with medical needs, however, might win him support from both parties for his proposal.