Today the House is taking long overdue action in fulfilling our promise to the American people to lower the cost of prescription drugs. Medical research has fueled lifesaving advancements in medicine, but these innovations remain out of reach for too many due to exorbitantly high costs. Tragically, 3 in 10 adults reported not taking their medicines as prescribed at some point because of the cost. Even those who can afford their prescriptions are charged prices many times higher than in other developed countries. This is simply unacceptable. H.R. 3 puts us on a path towards a more equitable healthcare system where cost is no barrier to getting the care patients need. In particular, I want to highlight my legislation, the Protecting Medicare Beneficiaries with Preexisting Conditions Act, now included in H.R. 3 as Section 801. More than 13 million beneficiaries have a supplemental insurance policy known as Medigap. Medigap helps lower out-of-pocket costs, but some 30 million more Americans are unable to buy a Medigap plan without being charged more for a preexisting condition. Specifically, disabled Americans under 65 and Medicare Advantage enrollees are not afforded the same coverage guarantees as nearly every other American. The Affordable Care Act rightly eradicated discrimination for preexisting conditions in the individual market. We need to finally right this wrong for Medicare beneficiaries as well, and that is exactly what this bill does.…
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