On the recordJune 26, 2003
This bill allows competition between generics versus name brand, so we get the best price. It allows us to have competition whether we want to buy here in the United States, England, France, or Germany, and allows competition between those prices. It would save money. It uses market forces to reduce prices. Third, it allows the Secretary of HHS to get the best available price, just like all of the Sam's Clubs all over America. It does that here. It allows competition and market forces to reduce prices. These provisions have, in the past, received bipartisan support. They should receive bipartisan support today because they represent our common principles of reducing prices and making medications affordable to all Americans.
Source
govinfo.gov
