On the recordFebruary 9, 2022
Madam President, I think you know Senator Sanders and I debated a number of issues before, but from the beginning, we have been strongly united on one thing, and that is bringing down costs for the American people. And that is, as he just said, not one bit radical. We have joined together to introduce the Cutting Medicare Prescription Drug Prices in Half Act because that is what we should be doing. America pays more. The people of this country pay more for their prescription drugs than any other country in the world. How can that be, as Senator Sanders has noted, when it is our country, our taxpayers who are investing in all this research? How can we come up short when it comes to what our people are paying for drugs? The examples: In the past 5 years, the cost of Lyrica--a drug that you see advertised on TV, millions of dollars in ads--a drug that treats nerve pain or Symbicort, an asthma medication, increased almost 50 percent. What is the result of these kinds of increases? Nearly 20 percent of older adults have reported not taking their medicines as prescribed because of the cost. Last month alone, drug companies hiked the price of 742 drugs in America. What do we do? We sit. We sit; we talk about it; and we are not taking action. That is why Senator Sanders and I are putting our bill in today. We would love to spend the week debating it. We would like to move to this bill so we can get this done.…





