Press Releases

Ways and Means Committee Ranking Member Richard E. Neal (D-MA) released the following statement after the Biden-Harris Administration announced lower prices for 10 of the highest-cost drugs in Medicare:

“Tomorrow’s second anniversary of the Inflation Reduction Act is now that much more momentous with today’s announcement of the first slate of lower prescription drug prices negotiated by the Biden-Harris Administration. We are fighting back against Big Pharma’s 'profits over people’ practice and putting an end to the heartbreaking decisions between medical care and life’s other responsibilities. Not only will seniors save $1.5 billion on out-of-pocket costs in the first year alone, but Medicare will also save $6 billion. It’s commonsense: strengthening our health care system while saving taxpayers money.

“Democrats put this long-held dream into action by never wavering from our commitment to lower costs and give the American people more breathing room. It was our persistence in Congress combined with the vision of President Biden and the tie-breaking vote from Vice President Harris that made this possible—and not a single Republican cared to join us. There’s much more to come.

“Democrats deliver.”

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