End Price Gouging for Medications Act

Key Provisions

• Caps prescription drug retail prices for people in federal health programs.
• Requires drug companies to offer all individuals, including the uninsured and privately insured, drugs at the federal reference price.
• Sets annual reference prices for drugs based on the lowest prices in 12 other countries, or other factors if data is limited.
• Applies these price caps to a wide range of federal health programs, including Medicare, Medicaid, and VA health care.
• Penalizes drug manufacturers who charge more than the reference price with a fine equal to 5 times the overcharged amount.
• Directs penalty money to the National Institutes of Health for drug research.