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Senate Forges Ahead With Bill to Lower Prescription Drug Costs for Families

By July 7, 2022No Comments

Democrats’ Legislation Gives Medicare the Power to Negotiate Drug Prices

Washington, D.C. — Last night, Senate Democrats released bill text to reduce prescription drug costs for millions of Americans. This legislation gives Medicare the power to negotiate lower drug prices, caps seniors’ out-of-pocket drug costs, and penalizes drug companies that raise prices faster than inflation. In response, Protect Our Care Chair Leslie Dach issued the following statement:

“President Biden and Democratic leaders are fighting tirelessly to bring relief to lower families’ everyday health care costs. Americans are sick and tired of choosing between paying the bills and affording the medications they need to survive. Between giving Medicare the power to negotiate, capping drug costs for seniors, and limiting egregious price hikes, this bill will lower costs for millions of Americans. Meanwhile, Republicans are continuing to prioritize drug industry profits and stall any progress by insisting on procedural delays on any vote seeking to lower drug prices. We urge Congress to follow through and get this bill on President Biden’s desk.”