OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Affordable Insulin Now Act

Floor Speech

Date: March 31, 2022
Location: Washington, DC

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Mr. SCHRADER. Madam Speaker, I rise today in support of the Affordable Insulin Now Act. The bill before us today will finally deliver the financial relief Oregonians whose lives depend on insulin so desperately need.

By capping the costs to no more than $35 month in Medicare part D and commercial insurance, Congress is making it clear that no one should have to cut back, ration, or skip doses of lifesaving medication.

I am proud that this policy is a central tenet of my own drug pricing bill that I have worked on with leadership, secured in the House, and passed in the Build Back Better bill. We need to rein in all drug price prescriptions. That is why it is important to negotiate drug prices without stifling innovation, like we do in our bill. Limit the price increases of everyday drugs to the price of inflation, and perhaps more importantly, limit out-of-pocket costs to seniors to $2,000 or less.

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