On the recordMarch 14, 2019
last month, I launched a new series of floor speeches to recognize what is going on with prescription drug pricing across America. When you ask the American people about the economic things that are on their minds, it is No. 1--the cost of prescription drugs. No. 2 is, have I saved enough money for my retirement? It really gets to the heart of the concerns families have every day. Each one of us knows that the cost of prescription drugs is going up, and we also realize how vulnerable we may be as individuals if one of those drugs is a matter of life and death. I came to the floor 2 weeks ago to talk about the cost of insulin. Seven and a half million diabetics across America have seen dramatic increases in the cost of insulin--increases that can't be justified because the same American companies selling the same drugs in Canada do it for a fraction of the cost. Americans pay outrageous prices. Humalog, which is one of the most popular forms of insulin, costs $329 a dosage in the United States. Twenty years ago, it was about $29. It has gone up in price 35 times in that 20-year period of time. How much does the exact same drug that costs $329 in the United States cost in Canada? It is made by the same company. Thirty-eight dollars. You look at that and you think there is something wrong here. The pharmaceutical industry is not focusing on giving American consumers a break. What I want to talk about today goes to an issue that is hard to believe but true.…





