Rep. Angie Craig Votes to Pass Historic Drug Pricing Bill
Today, U.S. Rep. Angie Craig voted to pass the Elijah E. Cummings Lower Drug Costs Now Act, which would save Minnesota families tens of thousands of dollars in prescription drug costs.
“Working families cannot wait for action on the outrageous cost of prescription drugs,” said Rep. Craig. “I cosponsored this historic piece of legislation to put common-sense solutions in place to cap out-of-pocket costs for seniors, invest in research for more effective treatments, and hold big drug companies accountable for profiting off the backs of Minnesota families. It is now the Senate’s turn to take up this essential piece of legislation.”
The Elijah E. Cummings Lower Drug Costs Now Act is estimated to save over $500 billion over ten years according to the nonpartisan Congressional Budget Office. The bill would:
- Allow Medicare to negotiate prices for a minimum of 50 of the most expensive drugs and to extend the negotiated price to all health plans
- Create a $2,000 cap on out-of-pocket drug costs for seniors
- Expand Medicare benefits to include vision, dental, and hearing for the first time, which would benefit over 100,000 people in Minnesota’s Second District alone
- Invest in research for new innovation, cures and treatments
Rep. Craig has been leading the effort to lower the cost of health care and the price of prescription drugs since she was sworn in this past January. She has introduced or cosponsored 59 health care bills, including the State Healthcare Premium Reduction Act, which would lower insurance premiums in the individual market 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 to hear directly from constituents on their experiences with health care.