On the recordJuly 22, 2020
Mr. President, COVID-19 is a continuing threat to Americans' physical and financial health, and it is at this intersection that Congress can make a meaningful impact on the family budgets of all Americans by passing sensible legislation to lower the cost of prescription drugs through measures such as the Prescription Drug Pricing Reduction Act or, as I like to call it, the ``Making Coronavirus Medications Affordable Act.'' There is an urgent need to lower the cost of prescription drugs. The high price of drugs is not a new problem, but it is a problem that is going to be made worse by the coronavirus pandemic. Millions of households have seen their incomes suffer due to economic lockdowns aimed at containing the virus. It is encouraging that job numbers continue to outpace expectations, but still, millions of fellow Americans are out of work, which affects their pocketbook and potentially their insurance coverage. Americans do not need the added burden of expensive drugs, particularly right now. Congress is providing relief for American families and businesses through the COVID-19 crisis, and we are considering another round of support. I think we should include how do we make drugs more affordable. That way, if folks become ill, they know that they will be able to afford the cure. I believe the best path forward is the ``Making Coronavirus Drugs Affordable Act,'' as I call it, or, as Chairman Grassley calls it, the Prescription Drug Pricing Reduction Act.…





