U.S. Senator Debbie Stabenow (D-MI), ranking member on the Senate Finance Subcommittee on Health Care, introduced legislation aimed at lowering the cost of prescription drugs.
“It’s absurd that our own government is prohibited from negotiating lower prescription drug prices for seniors under Medicare and that people across our own Michigan border in Canada pay so much less for their prescriptions,” said Senator Stabenow. “My bills will help put an end to these outrageous practices and Big Pharma’s price gouging of American families.
Pharmaceutial and health product lobbying reached $216 million last year, more than any other industry. Stabenow is introducing two pieces of legislation that will combat rising prescription drug costs:
This follows Senator Stabenow’s successful effort last year to get her bipartisan Know the Lowest Price Act passed into law – cracking down on outrageous gag clauses that stop pharmacists from telling customers that they could pay less for their prescription if they pay out of pocket.