Clinton proposes $250 monthly cap on prescription drug costs

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Democratic presidential candidate Hillary Clinton on Tuesday will propose a $250 monthly cap on prescription drugs for patients with chronic or serious medical conditions in a drive against what she calls "excessive profiteering" by pharmaceutical companies. At a campaign stop in Iowa, Clinton will outline a plan to encourage the development and use of generic drugs and also would end drug companies' ability to write off consumer-directed advertising as a business expense. Under Clinton's plan the monthly cap would limit what insurance companies could ask patients to pay for drugs.

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