Press Releases

SPRINGFIELD – State Senator Melinda Bush called for an end to price-gouging tactics used by pharmaceutical companies during a press conference this morning in Springfield.

“In recent years, we’ve heard horror stories of prices of lifesaving drugs skyrocketing overnight, leaving those who need them to survive facing financial ruin,” said Bush (D-Grayslake). “This isn’t just a problem for individuals who rely on these drugs to survive. Price gouging for prescription drugs is incredibly costly for consumers and taxpayers. When drug companies raise their prices, the state pays more.”

Bush is the Senate sponsor of House Bill 4900, which would ban price-gouging practices by
prescription drug manufacturers and allow the attorney general to investigate price increases and take action if a drug company is found to have engaged in price gouging.

“By cracking down on outrageous price gouging by pharmaceutical companies, we have a chance to save taxpayer dollars while ensuring Illinoisans have access to the medication they often need to survive,” Bush said. “Not only is this the right thing to do, it’s the fiscally responsible thing to do.”  

A federal study by the Government Accountability Office looked at 1,441 generic drugs and found that more than 300 had seen prices at least double between 2010 and 2015.

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Category: Press Releases

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