August 06, 2021
Lower Drug Prices Now, Pass HR 3!
IARA continues to work with our champions in Congress and our partners across the country to enact HR3, the Elijah E. Cummings Lower Drug Costs Now Act. HR3 requires that the Secretary of Health and Human Services negotiate on up to 250 of the most expensive drugs, including insulin. The negotiated amount would be available to all payers, thus allowing workers covered by employer-sponsored plans to also benefit from the price reductions It is
estimated that negotiated drug prices would save $450 billion for Medicare annually, strengthening the program overall, and creating the potential for available funds for future expansion of benefits in the future.
In addition to this legislation, we are also following reconciliation as a group of lawmakers have submitted a letter to Democratic leadership to include the drug negotiation provisions of HR3 in the reconciliation package.
With 1 in 4 seniors reporting skipping doses due to cost, we must raise our voices and demand action to lower drug prices now! If you have a story about how the high cost of drugs has impacted you are a loved one, share it with us at www.tinyurl.com/iaradrugstories