Login | Register

68 online
CHAT NOW

Most Popular Choices

22

2

General News 1/23/2015 at 10:51 AM EST H3'ed 1/23/15

Elizabeth Warren Has a New Target People Hate Almost As Much As Wall Street

By Mother Jones 4 comments

Reprinted from www.motherjones.com by Pema Levy

Elizabeth Warren

Elizabeth Warren
(Image by mdfriendofhillary) Details DMCA

Sen. Elizabeth Warren is worried about more than big banks. She's got Big Pharma in her sights too.

On Thursday, the Massachusetts Democrat announced a new bill, the Medical Innovation Act, which she says would address two major problems: dwindling government investment in medical research and illegal practices by major pharmaceutical companies. The bill, which she intends to introduce in the Senate next week, would take money from fines levied against major pharmaceutical companies that engaged in illegal practices and use it to fund drug research at the National Institutes of Health (NIH) and the Food and Drug Administration (FDA).

"It's like a swear jar," Warren told the crowd at the Families USA Health Action Conference in Washington, according to her prepared remarks. "Whenever a huge drug company that is generating enormous profits as a result of federal research investments gets caught breaking the law--and wants off the hook--it has to put some money in the jar to help fund the next generation of medical research."

The pharmaceutical industry opposes Warren's proposal.

1

1
Rate It | View Ratings

Mother Jones Social Media Pages:

a great progressive, muckraking media organization.

Related Topic(s): Big Pharma; Corporations Pharmaceuticals; Senator Elizabeth Warren; Wall Street; Warren-Elizabeth, Add Tags
Add to My Group(s)

Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Contact Author

Contact Editor

Author Page

View Authors' Articles

OpEdNews ~~depends upon~~ can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.

Most Popular Articles by this Author: (View All Most Popular Articles by this Author)

Elizabeth Warren Has a New Target People Hate Almost As Much As Wall Street

To View Comments or Join the Conversation: