HR 3493
Global Fairness in Drug Pricing Act
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Bill overview
This bill, the Global Fairness in Drug Pricing Act, aims to lower prescription drug costs in the United States by aligning prices with those in other developed countries. It proposes establishing ‘most-favored-nation’ price targets for pharmaceutical manufacturers, allowing for the importation of prescription drugs from countries with lower prices, and strengthening enforcement against anticompetitive practices. The bill also encourages direct-to-consumer sales of drugs at lower prices and directs a study to investigate potentially harmful practices by drug manufacturers.
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