Senate Democrats seek to create federal agency for drug cost control

Sens. Cory Booker, D-N.J., and Bernie Sanders, I-Vt., both Democratic presidential hopefuls, introduced a bill Nov. 15 that would create a federal Bureau of Prescription Drug Affordability and Access to regulate drug prices, The Hill reports. 

The bill was sponsored by another candidate for president, Sen. Kamala Harris, D-Calif., according to the report. 

If passed, the agency would regulate prices set by pharmaceutical companies, and it would have the authority to end exclusivity protections on drugs if companies do not set fair prices, according to the report. The House is voting next month on a bill that would authorize Medicare to negotiate drug prices. 

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