I rise today to discuss a critical issue that continues to take a heavy toll on the health and financial well- being of Americans: high prescription drug prices. This uniquely American problem has U.S. families paying the highest price compared to other countries, leading to millions of Americans having to leave their pharmacies with their prescription drugs left on the table. No one should have to go into debt to buy prescription drugs that they need to stay healthy, productive, and to have a healthy life. Twenty-nine percent of Americans either cannot afford their prescription drugs or are rationing them. And the United States stands alone in this among the developed nations of the world. The United States spends approximately $575 billion annually on prescription drugs, or about 14 percent of the total healthcare expenditures. In 2019, the United States spent, on average, $1,126 per capita on prescription medicines, twice as high as a comparable amount spent in the industrial world. Americans and Marylanders are struggling to pay their prescription drug medications, and it is long past time for Congress to remedy this problem. Prescription drugs have been lifesaving for millions, but if they are not affordable, then their benefit is moot. High prescription drug prices drive health inequalities that we are fighting to eradicate since groups in fair or poor health most struggle to afford their medications.…
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