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Thursday, May 29, 2025

Illinois U.S. Rep Jan Schakowsky: "The bipartisan PRICED Act will limit the monopoly power of Big Pharma and will enable small manufacturers..."

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Jan Schakowsky tweeted the following:

"The bipartisan PRICED Act will limit the monopoly power of Big Pharma and will enable small manufacturers to enter the market, saving the federal government at least $7B over 10 years, according to estimates from @HHS. #FairDrugPricing"
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Here are other recent tweets from Jan Schakowsky:

"Extended exclusivity allows Big Pharma to prevent competition and pad their pockets. The #PRICEDAct will end special protections for biologics, a class of bio-based drugs, by reducing their exclusivity from 12 years to 5 years."
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"The cost of inaction is high. In 2017, ALL of the top 10 highest-expenditure drugs in Medicare Part B were biologic products. Biologics can be expensive even with private insurance, with some treatments costing tens of thousands of dollars per year."
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"Today I reintroduced the #PRICEDAct with my colleague @RepWesterman to rein in Big Pharma and help lower the costs of certain prescription drugs. #FairDrugPricing schakowsky.house.gov/media/press-re"
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