The average American spends approximately $1,300 per year on prescription drugs, which is more than anyone else in the world. There is no singular solution for lowering drug prices. Allowing the HHS to negotiate drug prices is one option. Another option is to address patent law abuse. Our pharmaceutical companies are extending the drug exclusivity rights by stacking the time periods of multiple patents of the same product creating a prescription drug monopoly that is detrimental to consumers and the healthcare system. My plan would modify the current patent law in which each patent is its own unique patent, and each variation of an existing patent cannot exceed a maximum term of twenty years. By amending these patent laws, generic drug companies will have access to these medications, thereby lowering their prices and making them more affordable for consumers.
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