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Medicare Prescription Drug Price Negotiation Act of 2007

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Location: Washington, DC


MEDICARE PRESCRIPTION DRUG PRICE NEGOTIATION ACT OF 2007 -- (House of Representatives - January 12, 2007)

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Mr. MATHESON. Mr. Speaker, I thank the chairman.

Mr. Speaker, I rise in support of H.R. 4. I think it is important America's seniors have access to the medicines that they need. Quite frankly, that is why I voted for the Medicare Modernization Act when it passed the House in 2003. I believed then, as I do now, that the Medicare Modernization Act would give patients access to medicines. I also believe that the Medicare Modernization Act has made progress. There are more people who have prescription drug coverage as a result of the legislation.

Today, I support H.R. 4, as I believe it is an additional measure that will likely provide more affordable medicines to those who need them. However, I have some concerns I would like to mention for the record.

While it makes sense for efforts to be made toward negotiating better prices, I would hope the House would not interpret today's support of H.R. 4 as support for government price controls. I have long been a supporter of free and open markets. There is no better marketplace for consumers than one in which competition dictates the going rate for products and consumers are free to choose the products they prefer.

I would encourage my colleagues to support free and open markets and oppose future efforts that would involve the government in actually setting price controls, and I encourage support today for H.R. 4.

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