Lower Drug Prices Now — Affordable medicines for all — no matter where you live, what you look like or what’s in your wallet
Whether it’s a sore throat, diabetes or asthma or cancer, we all deserve affordable prescription medicines to feel better when we’re sick. It’s time to stop drug corporations from putting their profits ahead of our families and our health. Together, we can end big Pharma’s price-gouging, and rewrite the rules so everyone can afford the medicines they need to care for themselves and their families.
No matter where people live, what they look like or what’s in their wallets, at some point everyone is going to get sick and need prescription medicines. Whether it’s a sore throat, high blood pressure or cancer, everyone needs affordable medicine to lead healthy lives.
But today, drug corporations and their powerful Pharma lobbyists are standing in the way of our health and economic security. By jacking up prices to boost profits, they are forcing people to make stark choices – like choosing between medicine and other necessities, or going without treatment, or going into debt or watching loved ones suffer without the drugs they need to get better.
It doesn’t have to be this way. Together, we can change the system to make sure everyone gets access to medicines they can afford. We are a coalition that has come together to fight for transformative, bold reforms through legislative, legal and executive actions at the state and federal level based on these four principles:
It is our government’s responsibility to guarantee that everyone in the United States, no matter where they live, what they look like or how much money they have, can afford the medicines they need to stay healthy and take care of their families. We oppose policies that put medicine out of reach for Americans or that deny or delay access to medicine for people in other countries.
Drug corporations and their lobbyists have rigged the rules of the pharmaceutical industry in order to drive up profits, putting medicines out of reach for millions of people. Their price gouging makes health and economic disparities even worse by putting the greatest pressure on the people who can least afford to bear the brunt of high prices. We must topple the barriers that systematically deny people access to medicines so that no one is left behind.
We must curb drug corporations’ power to extract profits at the expense of people’s health by harnessing the government’s power to improve patients’ lives. This requires a range of concrete steps that re-write the rules to rein in drug corporations’ monopoly power to price gouge; that requires the drug industry to negotiate fair prices with government; and that holds corporations accountable for practices that directly and indirectly keep prices unjustifiably high.
We as taxpayers help foot the bill for a substantial amount of drug research, development and innovation, for drug purchasing through Medicare, Medicaid, and the Veterans Administration and for marketing, legal and patent protections for drug corporations. We must ensure government funding and incentives prioritize medical breakthroughs that most serve the public good rather than those that primarily extend monopolies and increase corporate profits. Everyone wants proven treatments and life-saving innovations, but prescription drugs are useless to people who can’t afford them. We must change the system to make sure everyone can benefit from our shared public investment in new drug research and development by ensuring that medicines are affordable and accessible to everyone.
Not only have Big Pharma corporations raised the prices of more than 450 drugs already this year, but this investigation from Senate Finance shows how they’re using complex loopholes to avoid paying taxes on the sales of those drugs.
Senator Manchin’s opposition to Build Back Better is a major blow against lowering prescription drug prices and holding Big Pharma accountable for price gouging. Refusing support for this bill means drug corporations can keep their monopoly power to set prices high and keep raising them even if seniors, patients and families go without life-saving medicines they need. Senator Manchin’s announcement puts him on the wrong side when it comes to affordable prescriptions.
We applaud the House Oversight Committee for its three-year investigation, which lays out in detail how Big Pharma’s profit-driven practices are making it harder for families nationwide to afford their prescription drugs, especially in the midst of an ongoing global pandemic.