Mr. Speaker, I rise today with a call to action to bring down prescription drug prices. Some say a drug company should be able to charge any price because that is just how the market works. But the market for many prescription drugs is broken. As a diabetic, I know how the price of insulin has skyrocketed for no good reason. Medicare spent 3\1/2\ times more on insulin per patient in 2016 than in 2007. Many Americans depend on other drugs to survive: EpiPens for life- threatening allergies, emergency inhalers for asthma, chemotherapy drugs for cancer. Patients relying on life-sustaining drugs can't simply vote with their wallet to fight back against price gougers. That is why I introduced H.R. 5039, to give Medicare the tools it needs to bring down the price of life-sustaining drugs, similar to other developed countries. American families deserve better than the Big Pharma status quo. Let's pass H.R. 5039 and give that to them. ____________________
On the recordNovember 14, 2019
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