Menendez, Pallone Call on Congress to Pass Legislation to Rein in Sky-High Rx Drug Costs
"For anyone who has struggled with a chronic condition like high blood pressure or depression, the ability to afford your medication is not just a matter of health. It's a matter of wealth. It's about being able to support your family, do your job, succeed in school, and achieve your dreams," said
"Prescription drug prices are higher than ever and American families and our health care system are suffering from staggering price hikes," said
In recent years, consumers have witnessed unprecedented price increases for commonly used medications to treat diabetes, some cancers, heart disease, opioid overdoses, and life-threatening allergies, among others. Price spikes of prescription drugs are often passed on to taxpayers, with Medicaid spending
The lawmakers were joined at a press conference at
The Stopping the Pharmaceutical Industry from Keeping Drugs Expensive (SPIKE) Act, introduced by Sen.
Drug manufacturers are not required under current law to publicly report increases in the list price of drugs, and there is no deterrent for them to unreasonably raise drug prices.
The bipartisan Creating and Restoring Equal Access to Equivalent Samples (CREATES) Act, introduced by Sens.
"We all know we must do more to help bring down the cost of health care and make it more affordable for all. Our starting point should not be cutting benefits and protections for consumers, as was the case with the repeated attempts by
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