MOUNT VERNON — U.S. Sen. Sherrod Brown (D-OH) is introducing a bill to penalize drug companies for engaging in price gouging, but he admits it isn’t likely to go far unless more bipartisan support develops on the issue.
In his weekly press conference on Wednesday, Brown said just getting the issue out and talking about it will help because the drug companies “get nervous. They don’t like exposure.”
This particular bill, the “Stop Price Gouging Act,” would hold drug companies accountable for large price increases. Drug companies would be required to report increases in drug prices, and justify the increase; and companies that engage in unjustified price increases would receive financial penalties proportionate to the price spike. Brown said there used to be more bipartisan support on these issues, but the drug companies give heavily to Republican members of Congress.