Statement from Margarida Jorge, head of Lower Drug Prices Now – the leading campaign fighting to lower prescription drug prices – in response to reports that Senate Democrats have reached a deal on prescription drug reform:
This is a once in a generation chance for Democrats to finally deliver on their promises to lower drug prices. At a time when the price of everything is going up, this bill, if enacted, would finally rein in big Pharma’s price-gouging and make medicines more affordable for millions of Americans.
Already this year, drug corporations have raised the price of over 800 prescription medicines by more than 5%. And more increases are expected. Under our current broken system, Americans pay more than twice as much for the same drugs as people in most other countries.
This compromise will lower prices, cut costs and stop the drug corporations from raising their prices faster than the rate of inflation.
We applaud Senate Democrats for advancing this vital piece of legislation one more step and encourage them to get it over the finish line without delay. The American people can not afford to wait any longer for affordable medicines to take care of themselves and their families.