Medicines for the People Act
Rep. Tlaib Introduces Bill to Create $90 Billion Public Institute for Affordable Medicine
The Medicines for the People Act is currently in the early stages of the legislative process after being introduced in the House. It has been sent to the House Committees on Energy and Commerce and the Judiciary for review. No further actions are scheduled at this time.
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Drugs Would Be Cheap but for Patents That Make Them Expensive
Economist Dean Baker analyzes Rep. Rashida Tlaib's Medicines for the People Act, which proposes a National Institute for Biomedical Research and Development. The bill seeks to replace patent monopolies with publicly funded research, allowing new drugs to be sold at low free-market prices.
Tlaib Introduces the Medicines for the People Act
Representative Rashida Tlaib (D-MI) introduced legislation to establish a public option for biomedical and pharmaceutical research and development. The bill would create the National Institute for Biomedical Research and Development to manufacture drugs and sell them to the public at cost.
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