On the recordJuly 10, 2019
Mr. President, I want to update my colleagues and the American people about efforts to reduce the cost of prescription medicine. Last week, our country and the American people celebrated Independence Day, marking 243 years of self-government. As elected representatives, it is our job to make the government work for the people, not the other way around. For more than two centuries, our system of free enterprise has unleashed American innovation, investment, and ingenuity. Robust competition incubates advances in science and medicine. It leads to lifesaving cures and promising treatments for cancer, Alzheimer's, diabetes, and other debilitating diseases. However, prescription medicine too often smacks consumers with sticker shock at the pharmacy counter. The soaring prices leave taxpayers with a big tab--particularly under the Medicare and Medicaid Programs--and they weigh heavily on the minds of moms and dads all across the country. Last week, I held meetings with my constituents in 12 counties across Iowa. The cost of prescription drugs comes up at nearly every single Q- and-A county meeting that I hold. Iowans want to know why prices keep climbing higher and higher. They want to know why the price of insulin keeps going up and up and up--nearly 100 years after the lifesaving discovery was made. They want to know what can be done to make prescription drugs more affordable.…





