OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Lower Costs, More Transparency Act

Floor Speech

Date: Dec. 11, 2023
Location: Washington, DC

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Mr. BILIRAKIS. Mr. Speaker, I rise in strong support of H.R. 5378, the Lower Costs, More Transparency Act.

I hear from my constituents on a regular basis that the cost of healthcare is too high, and it remains a burden for everyday Americans who are struggling to get by.

This bipartisan package led by Chair Rodgers, who I appreciate so much, finally looks to turn the tide of these high costs by injecting much-needed transparency and accountability into our healthcare system. This includes updating CMS' price transparency rules so they actually work effectively for patients. It ensures we better understand and reduce consolidation among hospitals, insurers, and PBMs alike.

This also includes my bill with Representative DeGette to reauthorize the Special Diabetes Program for 2 years with increased funding, all while reducing the deficit by $750 million.

Mr. Speaker, I urge my colleagues to support this transformative package.

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