Cost of 688 Prescription Drugs Increased Since Trump Took Office, Sanders Says

The costs of just about 700 prescribed drugs have greater since President Donald Trump took administrative center, in step with a report released today by way of Sen. Bernie Sanders (I-Vermont).

Twenty-five medicine have greater than doubled in worth, in step with the file.

“Millions of Americans take one of the 688 drugs that have increased in price since Trump entered office in January of this year,” the file says. “More than one in three of the drugs are indicated for neurological disease, cancer, or cardiovascular disease.”

The file notes that the management’s One Weighty Gorgeous Invoice Office “is a multibillion-dollar giveaway to some of the largest pharmaceutical companies in the world,” including that the regulation additionally “makes the largest federal health care cuts in history.”

“The cuts will make it harder for millions of Americans to afford prescription drugs as people lose coverage and face ballooning premium bills and rising out-of-pocket costs,” the file says.

In July, Trump sent letters to 17 main pharmaceutical firms directing them to decrease prescription drug costs “within the next 60 days.” The letters told manufacturers that in the event that they “refuse to step up,” the government “will deploy every tool in our arsenal to protect American families from continued abusive drug pricing practices,” as according to the White Space.

Nearly 90 firms raised their costs upcoming Trump despatched out the letters, together with 4 firms that had gained the letters — Pfizer, Merck, Sanofi and Genentech, in step with Sanders’ administrative center.

“I agree with President Trump: it is an outrage that the American people pay, by far, the highest prices in the world for prescription drugs,” Sanders said in a statement. “But unlike Trump, I believe we need more than just press releases, polite requests to drug companies and pilot projects. We need real action to take on the greed of the pharmaceutical industry and substantially reduce the cost of prescription drugs for all Americans.”

Since January, Eton Prescribed drugs raised the cost of Galzin, which is worn to regard an extraordinary genetic liver infection, by way of greater than 1,500 %, from $5,400 to $88,000 a month. The similar drug prices $1,400 in the UK, as according to the file. In Would possibly, Sanders presented the Prescription Drug Price Relief Act, which might safeguard American citizens pay not more than nation in alternative main nations for the very same prescription drug.

Merck greater the cost of the most cancers cure, Keytruda, to $206,000 according to month. Endmost month, Merck made greater than $17 billion in income and paid executives over $61 million, in step with the senator’s administrative center. The similar drug prices $81,000 in Germany.

Any other pharmaceutical immense, Johnson & Johnson, raised the cost of the blood thinner Xarelto by way of 5 %, bringing the once a year price to $7,200. In Canada, the similar drug is offered for simply $750. The corporate made $14.5 billion in income endmost month and paid executives $64.5 million, in step with the file.

The file warns that the president’s “chaotic across-the-board tariffs will further increase prices,” noting that the president “has already imposed a 15 percent tariff on pharmaceutical products from Europe and Japan, and he has threatened to increase tariffs on pharmaceuticals to up to 250 percent.”

On September 25, Trump announced on Truth Social that creation October 1, the U.S. will impose a 100% tariff on “any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America.”

The file concludes that, “If Trump is serious about making real change, he should work with Congress to make sure all Americans pay no more than people in other countries for prescription drugs.”