Politics

Clyburn Hails Passage Legislation to Lower Prescription Drug Costs

House Majority Whip James E. Clyburn hailed the passage of H.R. 3, a landmark piece of legislation that gives Medicare the power to negotiate directly with drug companies and extends those lower prices to Americans with private insurance as well.

“This is an important step toward providing American consumers more accessible and affordable prescription drugs,” Clyburn said. “In the United States, our drug prices are nearly four times higher than in similar countries, and this legislation will provide real price reductions that will put significant money back in the pocket of consumers.”

Negotiating lower prescription drug prices has the added benefit of cost savings to American taxpayers. A portion of those savings will be reinvested in the National Institutes of Health to research new cures and treatments. Cost savings will also support an expansion of Medicare benefits to cover dental, vision, and hearing needs and sets a $2,000 out-of-pocket limit on prescription drug costs for those on Medicare.

In addition, cost savings will be used to fund provisions of Clyburn’s H.R. 1943 – Community Health Center and Primary Care Workforce Expansion Act of 2019. H.R. 3, also known as the Elijah E. Cummings Lower Drug Costs Now Act, will provide a $10 billion funding boost to community health centers, which serve 28 million Americans in communities across the United States, including over 350,000 veterans, 8 million children and 1.4 million homeless patients.

This $10 billion includes $5 billion for capital improvements and construction to expand the footprint of community health centers and an additional $5 billion in funding over the next five years for community health center grants, allowing them to serve more people, including Americans living in rural areas, where half of the centers are located.

“Providing robust funding to build on the success of community health centers is critically important to providing quality health care in hard-to-reach communities,” Clyburn said. “In my district alone, where three rural hospitals have closed, there are eight federally funded community health centers working to serve almost 190,000 patients.”

H.R. 3 passed the House on a bipartisan vote, 230-192, and was sent to the Senate for consideration.

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