This report highlights what we already know: it is far past time for Congress to take immediate action to help lower the costs of everyday things in people’s lives. Congress can and should start with lowering drug prices, a policy that 9 out of 10 voters identify as important in the upcoming elections.
We are pleased that President Biden used his State of the Union Address to highlight the need to take action to lower the costs of prescription drugs. Our message to Democrats now is, get it done. Stop talking and start acting.
Today, Representative Susan Wild (PA-07) led a letter with 40 House Democrats addressed to leadership, urging them to take up legislative action as quickly as possible to lower drug prices.
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.
Lowering prescription drug prices is one of the most immediate and significant ways we can help families currently struggling with high costs. President Biden’s focus on lowering costs for seniors, people who rely on insulin, and working families is critically important to making sure the Build Back Better Act passes quickly.