I rise to once again talk about the truly obscene cost of prescription drugs and the No. 1 thing we can do to lower prices. It is spelled out right here: Let Medicare negotiate. It is very simple. Let Medicare negotiate to bring down the cost of prescription drugs. Prescription drug costs are a huge issue for people, frankly, of all ages who need medication in my State. Whether I am talking to farmers in Western Michigan, retirees in the Upper Peninsula, working families in Wayne County or Macomb County, families are feeling the effects. When you look at the numbers between 2008 and 2016, prices on the most popular brand-name drugs went up over 208 percent. Just ask those farmers in West Michigan and those working families in Macomb; their income did not rise 208 percent. Perhaps nobody has been hurt more than our seniors who tend to take more medications and live on fixed incomes. In 2017 alone, the average price of brand-name drugs that seniors often take rose four times faster than the rate of inflation. In 1 year, it rose faster than the rate of inflation. Again, I am absolutely certain that the vast majority of the seniors in my State did not see their incomes go up four times faster than the rate of inflation. I can tell you that seniors in the Upper Peninsula didn't see their pensions or Social Security checks increase that much. What do families do? What do seniors do? We all know the stories.…
On the recordJune 25, 2019
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