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HomeHealthCongress will assess ways to boost competition and reduce the cost of...

Congress will assess ways to boost competition and reduce the cost of prescription drugs.

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Congress will consider methods to increase competition and lower the cost of prescription medications.

On Tuesday, senators from all political parties accused pharma firms of abusing the system.

“I’m a big believer in our patent system, and I believe in the exclusivity that is provided to people who discover new life-saving drugs,” Senator John Cornyn, R-Texas, said. “But at the same time, I’m angry when I look at the abuse of the patent system.”

According to Cornyn, companies may submit up to 160 patents for any individual medicine.

That strategy is known as “evergreening,” a procedure in which a drugmaker extends the patent by making minor changes to the drug or the gadget used to deliver the medication.

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Many patients are paying inflated prices. Too often, the prices charged by Big Pharma do not reflect scientific advancement; instead, they are the work of skilled lawyers manipulating the patent system.

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