Both the Biden administration and Trump administration have already taken steps in this direction.Sanders believes that by banning drug advertising, that will lower the cost of drugs. What he really should do is pass a law that caps the price of drugs.
Starting January 1st, 2026, Medicare beneficiaries will receive negotiated discounts on 10 popular and expensive drugs under a law signed by President Biden. A report from CMS says it will reduce costs on the covered drugs by 50-60%. Medicare Drug Price Negotiation Program: Negotiated Prices for Initial Price Applicability Year 2026 | CMS
And President Trump signed an executive order last month that demanded drug prices be lowered to the levels paid in Europe, or else he'll apply tariffs and authorize more foreign imports. It remains to be seen if this order will actually lower prices.
Mr. Sanders' bill is in addition to these actions, and he knows it.