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Senator Sanders introducing bill targeting opioid manufacturers
GD thread: Bernie Sanders introduces bill to impose jail time for execs behind opioid crisis
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Source: Reuters
POLITICS APRIL 17, 2018 / 9:36 AM / UPDATED 6 HOURS AGO
Senator Sanders introducing bill targeting opioid manufacturers
Yasmeen Abutaleb
3 MIN READ
WASHINGTON (Reuters) - U.S. Senator Bernie Sanders will introduce a bill on Tuesday that would fine opioid drug manufacturers for deceptive marketing and implement the harshest penalties yet on drugmakers found responsible for contributing to the drug epidemic.
Sanders, an independent who ran for the Democratic presidential nomination in 2016, said the bill aimed to hold opioid manufacturers accountable for their role in the epidemic and force them to help pay for the crisis, which the White House Council of Economic Advisers has estimated cost more than $500 billion in 2015.
The legislation, called the Opioid Crisis Accountability Act of 2018, would ban marketing that falsely suggests an opioid does not have addictive qualities or risks and would fine companies that are found liable for contributing to the epidemic $7.8 billion.
Companies that violate the marketing provision would be fined 25 percent of the profits from their opioid products.
The legislation would also create criminal liability for top executives of pharmaceutical companies that are found to have contributed to the epidemic.
-snip-
Senator Sanders introducing bill targeting opioid manufacturers
Yasmeen Abutaleb
3 MIN READ
WASHINGTON (Reuters) - U.S. Senator Bernie Sanders will introduce a bill on Tuesday that would fine opioid drug manufacturers for deceptive marketing and implement the harshest penalties yet on drugmakers found responsible for contributing to the drug epidemic.
Sanders, an independent who ran for the Democratic presidential nomination in 2016, said the bill aimed to hold opioid manufacturers accountable for their role in the epidemic and force them to help pay for the crisis, which the White House Council of Economic Advisers has estimated cost more than $500 billion in 2015.
The legislation, called the Opioid Crisis Accountability Act of 2018, would ban marketing that falsely suggests an opioid does not have addictive qualities or risks and would fine companies that are found liable for contributing to the epidemic $7.8 billion.
Companies that violate the marketing provision would be fined 25 percent of the profits from their opioid products.
The legislation would also create criminal liability for top executives of pharmaceutical companies that are found to have contributed to the epidemic.
-snip-
Read more: https://www.reuters.com/article/us-usa-healthcare-opioids/senator-sanders-introducing-bill-targeting-opioid-manufacturers-idUSKBN1HO1Z7
