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5 presidential candidates standing in front of medication bottles to address drug prices

Lowering Drug Prices: Where Do the 2020 Democratic Candidates Stand?

Although the next presidential election is still more than a year away, the intensity is increasing as each Democratic candidate attempts to set themselves apart from the pack. One thing all candidates can agree on: drug prices are too high, and something must be done. Here is what each candidate wants as well as what action they’ve taken to lower drug prices. 

Senator Bernie Sanders (VT)

Wrote and proposed: 


Senator Amy Klobuchar (MN)

In favor of:

  • Medicare Drug Price Negotiation Act

Proposed:


Senator Cory Booker (NJ)

Endorsed:

  • All three bill drug price reduction acts put forth by Sanders


Senator Elizabeth Warren (MA)

In favor of:

  • Government producing insulin at a fraction of the current prices

Proposed:


Senator Kamala Harris (CA)

In favor of:

  • Allowing Health and Human Services (HHS) to set drug prices according to drug prices in foreign countries
  • Using executive action to introduce more competition into the market if Congress does not act first


Former Vice President Joe Biden

In favor of:

  • Imposing price caps on drugs manufactured only by a single company
  • Allowing drug importations from foregin countries following FDA guidelines
  • Capping price increases to be no greater than the rate of inflation
  • Medicare Drug Price Negotiation Act


South Bend, Indiana Mayor Pete Buttigieg

In favor of:

  • Medicare Drug Price Negotiation Act

Proposed:


Former Representative Beto O’Rourke

In favor of:

  • Medicare Drug Price Negotiation Act

Endorsed:


Senator Kirsten Gillibrand (NY)

In favor of:

  • Fining drug companies for raising drug prices without a valid reason
  • Medicare Drug Price Negotiation Act
  • Allowing drug importations from foregin countries following FDA guidelines
  • Appointing a Pharmaceutical Czar to regularly audit industry practices


Former Secretary of Housing and Urban Development Julian Castro

In favor of:

  • Medicare Drug Price Negotiation Act
  • Allowing drug importations from foregin countries following FDA guidelines


New York City Mayor Bill de Blasio

In favor of:

  • Lowering and stabilizing drug costs

Enacted:

  • In 2019, de Blasio passed a $100 million/year program to provide healthcare to all residents of New York City, including undocumented immigrants, with the partial expectation of lowering drug prices


Washington Governor Jay Inslee

  • Medicare Drug Price Negotiation Act
  • Requiring manufacturers to justify any price hikes greater than 10%


Representative Tulsi Gabbard (HI)

Endorsed:

  • Affordable and Safe Prescription Drug Importation Act
  • Medicare Drug Price Negotiation Act


Senator Michael Bennet (CO)

In favor of:

  • Medicare Drug Price Negotiation Act

Endorsed:


Former Representative John Delaney (MD)

In favor of:

  • Medicare Drug Price Negotiation Act
  • Imposing a 100 percent excise tax on manufacturers selling drugs at rates higher than foreign countries

To learn more about how each candidate plans to tackle healthcare issues like Medicare reform and drug price reduction, follow us on Facebook or visit us at medicareworld.com

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