'To permanently lower drug prices and keep corporate greed in check, we need to give Medicare the power to negotiate lower drug prices. That starts with passing the Build Back Better Act into law immediately.'
, Big Pharma and private health insurers have spent enormously—over $170 million in the first nine months of 2021 alone—on lobbying against popular provisions in Democrats' flagship Build Back Better Act, including allowing Medicare to negotiate lower prescription drug prices andLawson said that"to permanently lower drug prices and keep corporate greed in check, we need to give Medicare the power to negotiate lower drug prices.
Richard Fiesta, executive director of the Alliance for Retired Americans, also welcomed Becerra's announcement with a similar call for Congress to let Medicare negotiate drug prices. "Americans pay the highest prices in the world for prescription drugs, and seniors are bearing the brunt of it," Fiesta said in a statement."It is wrong that pharmaceutical corporations have already hiked prices for hundreds of drugs by nearly 5% this year. It is unconscionable for Medicare premiums to increase this dramatically because of one corporation's greed."
"This illustrates why Congress must take strong action to rein in the drug corporations and allow Medicare to negotiate lower drug prices for the American people," he added.
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