NEWS: Sanders and Klobuchar Reintroduce Legislation to Cut Drug Prices in Half

Press Release

"There is no rational reason, other than greed, for Medicare to pay twice as much for the same exact prescription drugs as the VA," Sanders said. "The bill we are introducing today would cut the price of prescription drugs in half under Medicare, save taxpayers $835 billion over the next decade and provide real relief to millions of seniors who cannot afford their prescription drugs. If the VA can negotiate with the pharmaceutical companies to substantially reduce the price of prescription drugs (which it has done for the past 30 years), we can and we must require Medicare to receive the same exact prices that the VA pays for prescription drugs. If Republicans are really serious about reducing the deficit they should support this bill."

"Last year, we took significant steps towards bringing down prescription drug prices when provisions based on my bill to empower Medicare to negotiate prescription drug prices were signed into law. But there's still more we can do to build on this progress," said Klobuchar. `"No one should have to leave the pharmacy with an unfilled prescription because it's too expensive. This legislation would drive down prescription drug costs for our seniors and save taxpayers billions of dollars."

Source