The good news is that was a result of a lot of public pressure, we have recently seen the major drug companies substantially reduce their prices.

The goal of today's hearing is to find answers and to find solutions.

1.3 million Americans in the richest country on Earth cannot afford insulin.

If we paid the same prices for prescription drugs as major countries around the world were paying, we could save over $1 trillion in 10 years.

This Committee is not only going to be dealing with the crisis in insulin, we are going to do everything we can to end the outrage in which Americans, our people pay by far the highest prices in the world for virtually every brand name…

We need profound change in the industry and in PBMs.

Years ago, my professors at Tennessee taught me that inflation is caused when you have too many dollars chasing too few goods and services.

The Administration's own policies, I think, got us to where we are today.

Meanwhile, Eli Lilly increased the price of Humalog 34 times since 1996, from $21 to $275.

Somebody will correct me if I am wrong. I think it is less than $10 bucks.

considering environmental, social, and governance factors in investment decisions, I believe, is just good fiduciary practice.

We got a lot of work to do in this Committee. And the bottom line is we want to--we appreciate the work being done on insulin.

These are the questions that the American people are asking. They want to know why nearly half of all new drugs in America now cost over $150,000.

Let's be clear, while Americans pay outrageously high prices for prescription drugs, the pharmaceutical industry and the PBMs make enormous profits every year.

The fact that other countries made the same mistake does not excuse the bad policy choices that the Administration put in place.

In France, 20 years ago, the cost of Lantus was $40. Today it is $24, went down.

If Eli Lilly can lower the price of Humalog by 70 percent, why is it still charging the American people about $200,000 for Cyramza?

I don't care whether you are a Democrat, Republican, Independent, whatever you are, all over this country, people are saying enough is enough.