On the recordJuly 2, 2020
Mr. President, I rise today to introduce the Prescription Drug Pricing Reduction Act of 2020. This is a bill that I have been working on for the past 18 months. I made lowering prescription drug costs one of my top priorities as I resumed the role of Chairman of the Finance Committee at the beginning of this Congress. I made it my priority as it's a top concern for Iowans and all Americans. My constituents throughout the state voice concern about being able to afford their prescription medications. I hear about this issue as much as any other. Poll after poll shows that the concern I hear in Iowa is shared across the Nation. The need for Congress to act to provide patients with much-needed relief is also a common takeaway from these polls and from talking to my colleagues. Iowans want action. Americans want action. Lowering prescription drug costs and providing relief to patients is actually what this bill does. For the vast majority of my time working on the bill, the Senator from Oregon, Ranking Member Wyden, has been my partner. All of the policies in this bill, which improve Medicare and Medicaid and bring much needed transparency across the supply chain, were co-authored by the Ranking Member. The Finance Committee reported the initial version of this robust bill in July 2019 by a vote of 19-9. I worked with Ranking Member Wyden and others to make bipartisan improvements to the bill. These improvements have made an already good bill better.…





