Big pharma companies have continued to increase the prices of prescription drugs people need to survive, continually making everyday life more complicated for those in need of critical medicines. Now, Americans pay far more for the same prescription drugs than patients in other nations.
This has created a crisis where nearly one in every five Americans were not able to fill a prescription in the past year, and one in ten have reported skipping doses of their medicine or splitting pills to make their prescriptions last a little bit longer.
Congresswoman Trahan believes in the very basic idea of being able to afford your life-saving medication. In her first two years in Congress, she has taken bold action to level the playing field for American patients and provide tremendous benefits to taxpayers at the same time.
Lower Drug Costs Now Act
Congresswoman Trahan speaking in support of the Lower Drug Costs Now Act
Under the bill’s “Fair Price Negotiation Program,” the federal government – through the Secretary of Health and Human Services – will have the authority and tools to negotiate lower drug costs with pharmaceutical manufacturers. Notably, the lower drug prices would be available to Americans on Medicare or with private insurance.
Congresswoman Trahan is particularly proud that the bill included her amendment to require the Government Accountability Office (GAO) to investigate and report to Congress about the Administration’s implementation of the Fair Price Negotiation Program. Moreover, the bill creates a new, $2,000 out-of-pocket limit on prescription drug costs for Medicare beneficiaries.
Additionally, the bill adds comprehensive dental, vision, and hearing benefits to Medicare. It invests $10 billion in biomedical research at the National Institutes of Health; $10 billion to combat the opioid crisis; and $10 billion for community health centers like those in Lawrence, Lowell, and Haverhill.
The Lower Drug Costs Now Act will save Massachusetts residents considerably on many of the most commonly prescribed prescriptions, including:
Strengthening Health Care and Lower Prescription Drug Costs Act