Glenn Grothman: “It is a good-sounding bill. Everyone knows drug costs in general are too high, and insulin costs in particular are way…”

“It is a good-sounding bill. Everyone knows drug costs in general are too high, and insulin costs in particular are way too high. But it is a bill with a simple answer. We look at a problem and solve the problem by having the Federal Reserve eventually print more money, $15.5 billion over 10 years. I realize you feel you have a pay-for here, but it is just by delaying another program by another year. And as a practical matter, this bill spends $15.5 billion more over 10 years than we would without the bill. We are already told this source of funds--we already used this type or source of funds in the infrastructure bill. It is just grabbing another year. Why don't we just require PBMs to pass on their rebates to the patients as intended? That is something that would cost the Federal Government, in my mind, no new money. It would be a significant reduction in cost for the individual. I appreciate that so many people on the majority side of the aisle would like to work together with us, and it shouldn't be difficult to find a solution to this problem that is fair to all concerned. Mr. DeSAULNIER. Madam Speaker, I yield 1 minute to the gentleman from Texas (Mr. Castro), a member of the Education and Labor Committee.”