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Fair Drug Pricing Act Aims to Control Price Hikes

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Bernice Lovesee of De Pere knows all too well the struggle with drug companies.

"When I went to pick it up it was $339 for 30 pills and I refused to take it," said Lovesee.

Those pills are to help Lovesee with her diabetes and the same prescription she'd taken for years went up four times its original cost.

"When I went to see my doctor I told her about it and she said the reason is that they bought out the other company that was making a supplement and they are the only ones on the market now making it," said Lovesee.

At the Aging and Disability Resource Center they say they see at least 1,000 people a month who are struggling to make ends meet.

"What it means is they've got to cut back on something else like basic needs like food or electricity or heat," said Aging and Disability Resource Center quality insurance outreach coordinator, Laurie Ropson.
 
Instance like the EpiPen price hike that took the cost for allergic reaction medication from $100 to $600 practically overnight is why lawmakers are proposing a bill to hold drug companies accountable.
 
"Drug corporations that are planning an increase in price by 10 percent or more have to disclose information to provide transparency so we know why that's happening," explained Democratic Wisconsin Senator, Tammy Baldwin.
 
The bill was introduced this week by Sen. Baldwin and Arizona Republican Senator John McCain along with Illinois Democratic Representative, Jan Schakowsky.  It's gaining bi-partisan support quickly but Baldwin says they expect some push back in Washington.
 
"This is going to get a lot of resistance.  The drug companies are very unlikely to embrace this legislation because we are asking them to be forthcoming and transparent," said Sen. Baldwin.
 
However for those paying the high prices they say they're just glad something is getting done about this increasing drug prices.