Medicare Prescription Drug Price Negotiation Act of 2007

MEDICARE PRESCRIPTION DRUG PRICE NEGOTIATION ACT OF 2007

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Mr. HARE. I thank the gentleman for yielding.

Mr. Speaker, recently I was at a pharmacy in my district. A man in his late seventies went to the counter to pay for his prescription and found that he had hit the donut hole. The prescription was $350. The people that were there with him passed the hat, and we collected $350. It was enough to pay for 5 days of medication for this man. For him and for the countless other seniors in my district, I rise today in strong support of H.R. 4, the Medicare Prescription Drug Negotiation Act. H.R. 4 would require the Department of Health and Human Services to negotiate with pharmaceutical companies for lower drug prices for Medicare beneficiaries.

Estimates indicate that drug prices would go down by 35 percent by the year 2025, and lower prices would prevent millions of seniors from paying out of pocket for their medications.

Fighting for affordable health care is the reason that I ran for Congress, and I start that fight today by voting for H.R. 4.

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