Neal Statement on Biden Administration's Historic Step to Lower Drug Prices
Springfield, MA, August 29, 2023
Ways and Means Committee Ranking Member Richard E. Neal released the following statement applauding the Biden Administration's announcement of the first 10 prescription drugs to be negotiated by Medicare under the Inflation Reduction Act:
"Today is a major milestone in Democrats’ fight to lower prescription drug costs for the American people. The Biden Administration has rightfully selected some of the costliest, yet commonplace, prescriptions for the first-ever price negotiation, and now, seniors with arthritis, diabetes, heart failure, and more, will see savings.
“Republican threats and Big Pharma’s lawsuits won’t stop Democrats from doing what’s right, and we have the blueprint to expand these savings to all Americans. Ways and Means Democrats are committed to finishing the job for the American people and putting an end to the unconscionable choice between picking up life-saving medications at the pharmacy counter and paying for life's necessities.”