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Sen. Bernie Sanders and Reps. Elijah Cummings and Ro Khanna along with more than two dozen of their colleagues in the House and Senate introduced sweeping reforms that would dramatically reduce prescription drug prices.

The plan includes three bills:

• The Prescription Drug Price Relief Act, which would peg the price of prescription drugs in the United States to the median price in five major countries: Canada, the United Kingdom, France, Germany and Japan;

• The Medicare Drug Price Negotiation Act, which would direct the Secretary of Health and Human Services (HHS) to negotiate lower prices for prescription drugs under Medicare Part D;

• The Affordable and Safe Prescription Drug Importation Act, which would allow patients, pharmacists and wholesalers to import safe, affordable medicine from Canada and other major countries.

Meanwhile, in Canada and other major countries, the same medications, manufactured by the same companies, in the same factories are available for a fraction of the price compared to the United States. 

In 2017, Americans spent $1,208 per person on prescription drugs while Canadians spent $860 and people in the U.K. spent $476.