Allred Pushes for Passage of Lower Drug Costs Now Act
Washington, D.C. – Congressman Colin Allred (TX-32) today with his House colleagues and members of House leadership, pushed for passage of the Lower Drug Costs Now Act, HR 3. Allred cosponsored the package last month.
“Too often I hear heartbreaking stories from North Texans about the high cost of prescription drugs,” said Allred. “Because of the high cost, ordinary people are rationing their medicine. North Texans should not pay more than folks in other countries for the medications they count on to stay healthy. I urge colleagues on both sides of the aisle to work together and get something signed into law. Now is the time to act and deliver real relief to folks facing the crippling cost of prescription drugs.”
The Lower Drug Costs Now Act:
Ends the ban on Medicare negotiating directly with the drug companies, while ensuring seniors never lose access to the prescriptions they need.
Makes the lower drug prices negotiated by Medicare available to all Americans, including those with private insurance, not just Medicare enrollees.
Stops drug companies price gouging Americans while charging other countries less for the same drugs, limiting the maximum price for any negotiated drug to be in line with the average price in countries like ours, where drug companies charge less for the same drugs.
Creates a new, $2,000 out-of-pocket limit on prescription drug costs for Medicare beneficiaries.