Rep. Jason Smith: Show-Me the Price - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
October 21, 2018 Newswires
Share
Share
Post
Email

Rep. Jason Smith: Show-Me the Price

Targeted News Service

WASHINGTON, Oct. 12 -- Rep. Jason Smith, R-Missouri, issued the following Capitol Report:

Information is power. Unfortunately, current rules and regulations are preventing you from having all the information you need when paying for certain prescription drugs. That's right, red tape and insider deals meant to benefit bottom lines are preventing your local pharmacy from being able to tell you if you could pay less for the same prescriptions. That all changed last week when President Trump signed into law a ban of "gag clauses," which had previously benefited health care industry insiders at the expense of Missouri families trying to care for loved ones.

At the start of this Congress, I held half a dozen public roundtables and heard directly from local doctors, patients, pharmacists, small business owners, and families who were all concerned about the rising costs of health care services. Premium prices have increased dramatically since Obamacare became law and fewer choices, if any, have been available where the Obamacare markets have failed. At our roundtables many people shared how very few choices they have in the health care market if at all, from their doctor, their premiums, or their prescriptions. Some of the barriers to competition are built in to the health care system- since Obamacare has been law, fewer options are available, especially in rural areas. But some of these barriers are artificial, imposed by companies at the pharmacy, preventing the pharmacist from telling customers if cheaper prescription options are available.

I believe in free markets, where the consumer knows all of the products available to them and can make an informed decision that's best for the individual. 'Gag clauses' violate this key principle and cause Americans to pay more for the same prescriptions. By President Trump signing the Patient Right to Know Drug Prices Act and the Know the Lowest Price Act, we have banned 'gag clauses' in Medicare and the individual market and prevented insurance companies from concealing lower cost alternatives. Now you can know what options are available to you at the pharmacy and make the decision that is right for your wallet and your health.

Otherwise, allowing companies to ban pharmacists from informing customers moves us closer to the 'single-payer' government takeover of the health care system. President Trump and I want Americans to have the freedom of choice - to see the doctor that is right for them, to have the most affordable prescription options available, and the flexibility to choose the health care plan that best fits their needs. I applaud the Trump Administration for putting "everything on the table if it helps deliver a solution," to lower health costs, as Health and Human Services Secretary Azar said.

President Obama gave the government more control of the health care system, and services declined while costs skyrocketed. President Trump and I believe the power belongs to the people and you should have as many choices as possible in front of you when you are making health care decisions for you and your family. Americans deserve a health care system that places as little as possible between the doctor and the patient - no gag clauses, bureaucracy, or additional red tape. Government control of the health care system is a disease - and the cure is choice, freedom, and transparency.

Older

Sen. Collins Delivers Keynote Address at the Aroostook Agency on Aging Annual Meeting

Newer

Breaking down Medicare 2019 premiums, deductibles; Covering; The Bases

Advisor News

  • Using digital retirement modeling to strengthen client understanding
  • Fear of outliving money at a record high
  • Cognitive decline is a growing threat to financial security
  • Two lessons career changers wish they knew before starting the CFP journey
  • Americans less confident about retirement as worries grow
More Advisor News

Annuity News

  • CareScout Joins Ensight™ Intelligent Quote LTC & Life Marketplace
  • Axonic Insurance Annuities, Built for Banks, Broker-Dealers and RIAs, Now Available through WealthVest.
  • Allianz Life Adds New Accumulation-Focused Fixed Index Annuities
  • Allianz Life adds new accumulation-focused FIAs
  • Industry objects to ‘tone and tenor’ of draft NAIC Annuity Buyer’s Guide
More Annuity News

Health/Employee Benefits News

  • Son hopes dad’s legal win in Miami spares cancer patients from fighting insurers
  • Findings from RTI International Broaden Understanding of Insurance (US Medicaid Spending and Health Insurance Coverage for People Involved in the Criminal Legal System as Children): Insurance
  • Researchers at University of Pittsburgh Target Managed Care (The state of hospice: Impacts on equity, quality, and nursing-An AAN consensus paper): Managed Care
  • Findings from CareQuest Institute for Oral Health Provide New Insights into Managed Care (Repeated Use of Emergency Departments for Nontraumatic Dental Conditions: Factors Associated With Being a Superutilizer): Managed Care
  • Reports Outline Insurance Study Findings from University of North Texas (Health Insurance Coverage and Access To Care Among Older Immigrants: Evidence From the National Health Interview Survey, 2020 To 2023): Insurance
More Health/Employee Benefits News

Life Insurance News

  • Agam Capital and 1823 Partners Announce Strategic Partnership to Provide Life Insurers with an End-to-End Value Chain Solution
  • AM Best Revises Outlooks to Positive for Western & Southern Financial Group, Inc. and Its Subsidiaries
  • Principal Financial Group Announces First Quarter 2026 Results
  • SBLI Enhances its OmniTrak Term to Deliver Faster Decisions, More Client Coverage, and Improved Pricing
  • Life insurance premium surges, but coverage is still falling short for many
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

A FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Press Releases

  • RFP #T01325
  • RFP #T01325
  • RFP #T01825
  • RFP #T01825
  • RFP #T01525
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet