'How many more Americans must die before Congress finally has the guts to stop the pharmaceutical industry from getting away with murder?'
The Inflation Reduction Act signed last year by President Joe Bidenmodest drug pricing reforms—including allowing Medicare negotiation for some medicines—but not nearly at the scale that Sanders and others had advocated.
"All over this country, the American people are asking, why it is that they pay, by far, the highest prices in the world for prescription drugs?" Sanders wrote. "Why is it that nearly 1 out of every 4 adults in America cannot afford their prescription medication? Why do nearly half of all new drugs in the United States cost more than $150,000 a year?"
"How is it that in Canada and other major countries the same medications manufactured by the same companies, sold in the same bottles are available for a fraction of the price that we pay in the United States?" the senator asked, recalling when, in 2019, he a busload of people with diabetes who traveled from Detroit, Michigan, to Windsor, Ontario to buy insulin for a fraction of what they pay in the United States.Sanders noted the billions of dollars that Big Pharma has pumped into stock buybacks and political lobbying as well as the millions spent on campaign contributions in recent decades. He also pointed out the massive profits that industry giants rake in annually "as Americans die because they cannot afford the medications they need.
;“When Americans can't afford lifesaving medicine because of greedy Big Pharma, it's time we rethink this entire system. \n\nGreedy pharma firms rip off Americans while Pfizer, Moderna swim in profits\n\nhttps://t.co/scdY9PXCno;”"Examples of corporate greed within the pharmaceutical industry are limitless. Let's start with Moderna," the senator wrote, detailing how the company "received $1.7 billion from U.S.
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