02.02.16

U.S. Senator Tammy Baldwin Presses President Obama to Help Bring Down Soaring Cost of Prescription Drugs

As President Prepares 2017 Budget Proposal, Baldwin Calls for Measures to Help Americans Afford Their Medications

Today, U.S. Senator Tammy Baldwin, a member of the Senate Health, Education, Labor and Pensions (HELP) Committee, pressed for action from President Obama to help bring down the soaring cost of prescription drugs for people in Wisconsin and across the country.

In a letter sent Tuesday morning, Senator Baldwin and a group of lawmakers called for more support in the President's 2017 budget proposal to help address prescription drug prices and cut health care costs.

"Prescription drug prices are soaring in the United States, driving up costs in federal healthcare programs and households alike," wrote Senator Baldwin along with Senators Al Franken (D-Minn.), Bernie Sanders (I-Vt.), Sheldon Whitehouse (D-R.I.), Jack Reed (D-R.I.), Tom Udall (D-N. Mex.), Angus King (I-Maine), and Sherrod Brown (D-Ohio). "As a result, patients are left with the unimaginable choice of foregoing life-saving care or depleting family savings. These patients deserve better."

The lawmakers urged the President, as he lays out his funding priorities for 2017, to do several things to address this growing problem-allow the government to negotiate prices with drug manufacturers, promote competition in the generic drug market, prevent price gouging, and outlaw "pay for delay," which is a practice where brand name drug companies pay generic drug companies to stay out of the market.

In addition, the Senators called on the President to implement Medicare policies that will reimburse based on value instead of volume, meaning that drug companies will get paid for their performance in treating people.

You can read a full copy of the Senators' letter by clicking here.