Politicians’ proposals would only minimally lower US drug prices, says report

Advocates say multiple strategies must be used to lower prices as new drugs threaten to bankrupt health system

A new report finds some of politicians’ most popular proposals are likely to only have a single-digit impact on drug prices.

The report, compiled by the Congressional Budget Office (CBO), examined seven different policies that ranged from capping drug prices to bringing greater transparency to the market. Of the seven, the most effective would only likely reduce drug prices by 5%.