Rep. Angie Craig Continues Fight to Lower Prescription Drug Costs
Today, U.S. Rep. Angie Craig announced her cosponsorship of the Lower Drug Costs Now Act, which would take immediate action to lower prescription drug prices for Minnesotans.
“The number one issue I hear about from Minnesota families is the outrageous cost of prescription drugs,” said Rep. Craig. “That’s unacceptable, and we have the ability to change that by putting people’s lives above politics and holding the big brand name drug companies accountable. This bill will finally make life-saving medicine affordable and accessible for every Minnesotan.”
The Lower Drug Costs Now Act is estimated to save $345 billion over seven years according to the nonpartisan Congressional Budget Office. The bill would:
- Allow Medicare to negotiate prices for a minimum of 35 of the most expensive drugs and to extend the negotiated price to all health plans
- Create a cap on out-of-pocket drug costs for seniors
- Limit the maximum prices drug companies can charge
- Invest in research into more innovative, affordable cures and treatments
Rep. Craig has introduced or cosponsored 41 bills to lower the cost of health care and prescription drugs. Those include her introductions of the State Healthcare Premium Reduction Act, which would lower health insurance costs in the individual market; the PRICED Act, which would increase competition for more affordable generic drugs; and the Emergency Access to Insulin Act, which would create emergency insulin supplies and hold big drug companies accountable for jacking up prices. Additionally, she has held six health care listening sessions across the district in Eagan, Burnsville, Northfield, Wabasha, Shakopee, and Red Wing.