Reporting by Bloomberg revealed that Indiana residents had been paying greater than $800 by way of their non-public Medicaid plans for a 30-day provide of a hepatitis B treatment that value pharmacies lower than $140 to buy. These plans additionally paid greater than $100 to fill prescriptions for a generic heartburn drug—which value pharmacies lower than $25 per prescription. Indiana taxpayers are on the hook for this.
It’s time to repair our system.
Congress must shine a light-weight on these unfair drug-pricing practices to drag prices down for People who rely on these medicines, particularly at a time like this.
Each Senate Finance Committee Chairman Chuck Grassley and I’ve talked with President Donald Trump and labored throughout the aisle to handle this damaged system. Between the 2 of us, now we have launched and supported dozens of payments to extend transparency and decrease drug prices.
Chairman Grassley’s Prescription Drug Pricing Discount Act is among the most aggressive measures to handle the prices of medicine—and I’m proud to assist this invoice as an authentic co-sponsor.
Chairman Grassley and I additionally just lately launched the Well being Care PRICE Transparency Act, which might codify the Trump administration’s healthcare value transparency guidelines.
This invoice would require hospitals and well being insurers to publish their precise costs, together with for prescribed drugs. Below this invoice, hospital sufferers would now not be compelled to pay $150 for a vitamin B injection or $40 for an aspirin, for instance.
People are blindfolded with regards to healthcare costs solely to obtain medical payments laden with complicated codes and outrageous prices weeks or months after remedy. Most People additionally have no idea how a lot their prescriptions are literally costing them. My invoice would repair this.
Of all of the perverse traits of our system, the worst is that drug costs are normally larger for the individuals who can least afford them: the uninsured, seniors and Medicaid recipients.
We’re approaching a breaking level the place many individuals merely won’t be able to afford their medicines. People are already beginning to commerce off filling their prescriptions towards shopping for meals or paying for different primary requirements.
Now could be the time to assist the people who find themselves hurting probably the most. It’s time for Congress to do what we had been despatched right here to do and go these payments.