I went with those people in order to purchase insulin in Canada, which they were able to do for one-tenth of the price.

In terms of insulin, let us not forget that a vial of insulin, and this is a vial of Humalog right here, costs less than $10 to manufacture, as I understand it.

People are getting fed up with it. I got fed up with it 15 years ago.

We clearly need revolutionary changes in the way we do prescription drugs in this country.

Different Members have touched on this. Let's not be naive. The drug companies, major drug companies last year made $100 billion in profit.

The good news is that was a result of a lot of public pressure, we have recently seen the major drug companies substantially reduce their prices.

Somebody will correct me if I am wrong. I think it is less than $10 bucks.

We need profound change in the industry and in PBMs.

In France, 20 years ago, the cost of Lantus was $40. Today it is $24, went down.

I don't care whether you are a Democrat, Republican, Independent, whatever you are, all over this country, people are saying enough is enough.

This Committee is not only going to be dealing with the crisis in insulin, we are going to do everything we can to end the outrage in which Americans, our people pay by far the highest prices in the world for virtually every brand name…

Let's be clear, while Americans pay outrageously high prices for prescription drugs, the pharmaceutical industry and the PBMs make enormous profits every year.

You have got to be able to afford the innovation.

That is a moral issue.

If we paid the same prices for prescription drugs as major countries around the world were paying, we could save over $1 trillion in 10 years.

The goal of today's hearing is to find answers and to find solutions.

These are the questions that the American people are asking. They want to know why nearly half of all new drugs in America now cost over $150,000.

The savings are not always reaching the patient.

The end result is, we have got to conclude, that there is an enormous amount of greed going on.

We got a lot of work to do in this Committee. And the bottom line is we want to--we appreciate the work being done on insulin.

Why are we as Americans paying the bill even though it is only 15 percent of our GDP?

If Eli Lilly can lower the price of Humalog by 70 percent, why is it still charging the American people about $200,000 for Cyramza?

What I promised them is that they are not going to have to go to Canada or other countries to buy a lifesaving product.

Meanwhile, Eli Lilly increased the price of Humalog 34 times since 1996, from $21 to $275.

1.3 million Americans in the richest country on Earth cannot afford insulin.