Hillary Clinton Wants To Cap Prescription Drug Costs (Video)

| by Michael Allen
Hillary Clinton On Prescription Drugs.Hillary Clinton On Prescription Drugs.

Democratic presidential candidate Hillary Clinton unveiled a new plan on Sept. 22 in Des Moines, Iowa, to reduce the costs of prescription medications (video below).

Clinton would institute a $250 monthly cap for out-of-pocket prescription drug costs for people with chronic or serious health conditions.

The Democratic front-runner also wants to allow Medicare to negotiate lower drug prices, which it currently cannot do because of a bill signed by former President George W. Bush, Politifact noted in 2012.

The New York Times reported in July that 100 oncologists called for allowing Medicare to negotiate prices with drug companies.

According to USA Today, Clinton's plan would also end tax breaks for drug companies' costs of consumer advertising, compel drug companies to invest taxpayer money in research, shorten the time that drug companies can exclusively produce medications (opening those drugs up to the generic market earlier) and allow Americans to buy prescription drugs from overseas, which many already do via the Internet.

During an appearance on CBS News' "Face The Nation" on Sept. 20, Clinton praised Obamacare and slammed Republicans who have tried to repeal it more than 50 times.

Sources: Politifact, The New York Times, NBC News, USA Today / Photo credit: CBS News Screenshot