High drug prices are in the limelight, with candidates, trumps and legislators from both parties aiming to cut costs.
Harris' plan also contains provisions that have become popular with other politicians, including the import of drugs from Canada and the punishment of drug makers, because they raise prices faster than inflation "fair price" for each drug sold at a cheaper price in a comparable economic district ̵
The plan also proposes a 100% tax on all profits that pharmaceutical companies make from the sale of a drug above fair value. These funds will ultimately go to consumers, either at the pharmacy or through discounts. And Harris would end the tax gap that pharmaceutical companies receive for advertising costs.
"As president, I will not stand idly by as Americans pay thousands of dollars for prescription drugs, while big pharmaceutical companies make massive profits." Harris said in a statement. "This plan puts people above profit by forcing these companies to lower prices to consumers and hold them accountable if they outlit Americans."
Harris & # 39; Plan also outlines how Congress can not pass this proposal in its first 100 days As President, she launched an investigation into drug manufacturers selling lower priced drugs or their prices faster in comparable industrialized countries as inflation rises. During her campaign, Harris has pledged to issue presidential orders if Congress fails to work with her on various priorities, including changes to arms and immigration policies.
These companies may face alternative medicines imported from Canada or other countries, or the Department of Justice could initiate an investigation. In the "most egregious" cases of "patients with price reductions," Harris will use the 1980 Bayh Dole Law to license patented drugs to a lower-cost competitor.
This would not be a new fight for Harris, who often mentioned her efforts as Attorney General of California to reclaim money for consumers of drug companies on the campaign.
Harris is trying to address an important part of the health debate by targeting prescription drug prices. This is, according to many voters, the most pressing issue in the 2020 election.
Kyung Lah of CNN contributed to this report.