Hillary Clinton on Tuesday is rolling out a plan to crack down on high prescription drug costs, a problem that plagues millions of Americans.
Clinton's plan, which she'll formally unveil in Iowa, is premised on leveraging the nation's bargaining power to get better deals for patients on Medicare, reforming policies to foster competition in the pharmaceutical industry and implementing new rules to ensure consumers aren't exploited.
In a memo released early Tuesday, the Clinton campaign notes that "too many American families and seniors are being squeezed by rising drug costs." The memo cites a Consumer Reports survey from August showing that one in four Americans facing higher drug costs were unable to afford all their medical bills or medications. Meanwhile, the pharmaceutical industry has a higher profit margin than just about every other major industrial sector.
More: www.cbsnews.com
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