The opioid crisis, dental care, mental health, and the exodus of teachers from public schools are just a few of the issues Sanders raised during the session. high prescription drug costs It seemed like one issue that both parties showed considerable interest in.
“We pay much more highest price in the world For prescription drugs,” Sanders said. “And in some cases he pays ten times more than Canadians and people around the world pay. What’s completely crazy to me.”
Senator Bill Cassidy (R-Laos), a key member of the committee, said that lowering the cost of prescription drugs would “Common point” For Democrats and Republicans.
Lowering the steep prices of prescription drugs is a daily popular issue across the aisle. In his State of the Union address this week, President Biden lamented that Americans pay more for prescriptions than other countries and warned he would. reject bills to raise drug prices.
Physician Cassidy argued that the committee “must be aware of the following.” The tension between affordability and innovation,He said the need for medical innovation was a common argument among lawmakers against lowering drug prices, and some Republicans argued against the Inflation Reduction Act (IRA). Condemning drug price cuts.
The IRA’s drug pricing rules are expected to go into effect this year. It includes one provision that allows Medicare to negotiate drug prices for medical expenses. first time, however, these negotiated prices will not be available until 2026. Also, starting this year, the federal government will require quarterly rebates to be paid to pharmaceutical companies if price increases for drugs covered by Medicare Part B exceed the rate of inflation.
