On the recordNovember 6, 2019
Mr. President, I thank Senator Durbin. He and I are working on something that successfully passed the Senate last year and was not agreed to by the House of Representatives. So we are back to bring some transparency to pricing of drugs, and that is what I want to speak about now. I am here to share a secret with the American people. It is about prescription drug pricing. As chairman of the Senate Finance Committee, it is no secret that one of my biggest priorities is to rein in the soaring costs of prescription medicine. It is no secret that Americans are having a hard time paying for medicine. It is no secret that Big Pharma doesn't want us to change the status quo. In fact, Big Pharma is spending big money to stop Congress and the Trump administration from legislating a cure of these high prices. That is the secret. They want to keep drug pricing a secret from the American people. So what does that mean? It means that Big Pharma wants to keep secrecy baked in when it benefits Big Pharma. Right now, the very murky drug pricing supply chain is a mystery to consumers. There seems to be no rhyme or reason to what consumers will owe at the pharmacy counter when they pick up their prescriptions. American taxpayers, American seniors, and this U.S. Senator are fed up with the lack of consumer information when it comes to pharmaceuticals. That is why I am working to inject some Midwestern common sense into prescription drug pricing.…





