Minnesota senators hope anger will help drive support for bill to curb drug costs
"If I didn't have my boyfriend," Lund said, "I'd be homeless."
Lund is among thousands of Minnesotans
The bill lifts a current ban on
These suggestions all seem to make sense if the goal is to bring down the cost of prescription drugs to
Still, Franken says it makes sense to go for broke now. "There's been a spike in the last three years in the cost of drugs," he explained. "Prescription drugs are nearly 20 percent of the cost of health care."
With the price of four of the top 10 selling prescription drugs rising more than 100 percent in the past few years, Klobuchar said, Minnesotans, like most Americans, are feeling the pinch and telling their senators.
"Timing is everything," Klobuchar explained. "People are pissed off. We've got to use that timing. The system has not worked in terms of protecting Americans' pocketbooks when it comes to pharmaceuticals."
Experts think controlling drug prices is the kind of populist issue that cannot be ignored if it can just get to a vote. As yet no
PhRMA, the pharmaceutical industry's powerful trade group, left no doubt where it stands.
"Taken together, this sweeping list of innovation-chilling mandates on the research-based
The breadth of the proposal is a mixed blessing, said
"In general, the larger the scope of the bill, the more opposition you run into," he said. "They may be thinking that people in
Odds of a widely cast net sweeping in support from the Trump administration and Republican legislators who recently have paid lip service to cutting drug prices is a "long shot," said
Reform "could happen if we continue to have turmoil on the health care issue," Ornstein explained. "There may be a sentiment that if they can't get [everything] done on health policy [they could] do something about drug prices. If you've got an overall bill, the individual pieces may be a little easier to do."
With the wealth and power of the pharmaceutical industry mobilized, no one can guarantee that going big is better. The industry and its surrogates have already run full-page ads in the
These ads would fall flat among Minnesotans who have seen their drug costs rise, Franken said. The bill he introduced includes safeguards for drugs imported from other countries. If
Pushback from the pharmaceutical industry "means they're afraid of us," Franken said. "They're going to kick up a storm."
Meanwhile, Klobuchar says "price gouging" makes the case for a systematic overhaul. Last year, she and others called for investigations into an eight-year 500 percent increase in the price of the EpiPen, a lifesaving epinephrine delivery system.
Whatever is accelerating consumer costs, government officials estimate that overall
Lund, the former teacher, is feeling the physical pain, as well as the financial pain. She says she developed a hairline fracture last summer because she could not afford a bone-strengthening medicine. She believes bringing down prescription prices "needs to be a huge priority" for federal legislators.
"I know [drug companies] need to do research," Lund said. "But there is something here like out-and-out greed."
In
"I can't believe the costs of drugs has gone up so far," she said.
Schroeder was eating up her small savings account and stressing out when she met a representative from the
Largesse saved Schroeder. Franken and Klobuchar say there are too many others like her for private philanthropy to save them all.
"That's just patchwork," Klobuchar said. "The best thing here is to get actual negotiations and actual competition and stop being held hostage by big pharma."
The challenge for
Franken and Klobuchar insist that is not the case. But they warn of consequences for business as usual.
"
"Because of what Trump has said and what the American people are getting, there should be pressure on
___
(c)2017 the Star Tribune (Minneapolis)
Visit the Star Tribune (Minneapolis) at www.startribune.com
Distributed by Tribune Content Agency, LLC.



Where 10 key issues stand as Kansas lawmakers adjourn until May
Still finding his way around Washington, Lewis tries to highlight independent streak
Advisor News
- NAIFA: Financial professionals are essential to the success of Trump Accounts
- Changes, personalization impacting retirement plans for 2026
- Study asks: How do different generations approach retirement?
- LTC: A critical component of retirement planning
- Middle-class households face worsening cost pressures
More Advisor NewsAnnuity News
- Ancient Financial Launches as a Strategic Asset Management and Reinsurance Holding Company, Announces Agreement to Acquire F&G Life Re Ltd.
- FIAs are growing as the primary retirement planning tool
- Edward Wilson Joins SEDA, Bringing Deep Expertise in Risk Management, Derivatives Trading and Institutional Prime Brokerage
- Trademark Application for “INSPIRING YOUR FINANCIAL FUTURE” Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
- Jackson Financial ramps up reinsurance strategy to grow annuity sales
More Annuity NewsHealth/Employee Benefits News
- Universite Paris 1 Pantheon-Sorbonne Reports Findings in Science (Misperception, self-reported probabilities and long-term care insurance take-up in the United States): Science
- Genworth Financial Announces Fourth Quarter 2025 Results
- 'Welcome to the movement': Whitman College staff seek to form union
- Red and blue states want to limit AI in insurance. Trump wants to limit the states
- NABIP asks Congress to stabilize ACA market, address affordability
More Health/Employee Benefits NewsLife Insurance News