The Weekly Democratic Party Address was delivered by Congresswoman Donna Shalala of Florida outlining the provisions of the Lower Drug Costs Now Act, H.R. 3, which would finally allow the federal government to negotiate prices with drug companies.
(In this week’s address, Congresswoman Donna Shalala discussed House Democrats’ sweeping legislation to tackle out-of-control prescription drug prices: H.R. 3, The Lower Drug Costs Now Act. )
In the United States today, a disease or chronic condition can force you into bankruptcy, or require you to choose between paying for medicine and paying for food or rent.
H.R. 3 makes reforms to reduce drug prices, to keep cost hikes to no more than inflation and to limit out-of-pocket costs for those on Medicare, on employer plans and private health insurance.
To help secure these patient protections, we will require our government to negotiate prices directly with drug companies. […]
“Only drug companies get to come to Medicare and set their own prices. Hospitals don’t get to do that; doctors don’t get to do that; home health care agencies don’t get to do that; medical equipment providers don’t get to do that.
“Negotiation is a hallmark of good governance and a standard feature of government policy. We negotiate for everything, including military equipment and work with contractors.
“It is only drug companies that are able to write themselves a blank check from taxpayers. Our legislation ends that practice.
(CSPAN link to Weekly Democratic Address: here)
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