Rep. Kind, Way and Means Committee Pass Landmark Legislation to Lower the Cost of Prescription Drugs
Late last night, the
"Right now, ninety percent of seniors and about half of all Americans take a prescription drug, and folks in
The Elijah E. Cummings Lower Drug Costs Now Act:
Gives Medicare the power to negotiate directly with the drug companies and creates powerful new tools to force drug companies to the table to agree to real price reductions, while ensuring seniors never lose access to the prescriptions they need.
Makes the lower drug prices negotiated by Medicare available to Americans with private insurance, not just Medicare beneficiaries.
Limits the maximum price for any negotiated drug to be in line with the average price in countries like ours, where drug companies charge less for the same drugs.
Creates a new,
"We thank
The non-partisan
Also included in this legislation, is
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