Dear U.S. Representatives/U.S. Senators:
At a time when millions of Medicare beneficiaries are struggling to afford the life-saving drugs they need — and when several pharmaceutical companies are under investigation for possible price gouging — we need Congress to act to protect American consumers from the impact of soaring prescription drug prices.
The law that established Medicare Part D explicitly prohibits the prescription drug program from negotiating lower drug costs for beneficiaries. The major pharmaceutical companies adamantly defend this rule, contending that the higher prices are necessary to support the industry's investment in research and development. However, a comparison of the prices paid by Part D with those paid by the Department of Veterans Affairs (VA) and other agencies shows that Part D could save billions of dollars through the use of additional negotiation techniques.
That's why I urge you to cosponsor the "Medicare Fair Drug Pricing Act" (H.R. 4207), introduced by Rep. Jan Schakowsky (IL-09), which would allow Medicare to negotiate prices for prescription drugs, and could save the Medicare program and millions of beneficiaries billions of dollars.
Thank you for representing the best interests of millions of Americans as you work to protect and strengthen Medicare — and address the growing problem of soaring drug costs — for current and future generations.
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