Game-changing H.R. 3 would stop prescription-drug price gouging

When we began running for Congress, we immediately heard from Minnesotans who were worried about their health care. They were worried about threats to protections for people with pre-existing conditions, about being one illness away from financial ruin, and about skyrocketing prices of their life-saving prescription drugs. The consensus is clear on health care more than any other issue — people in our communities want their elected leaders to reform and protect their care.

We listened, and we promised that if elected, we’d fight for a health care system that is centered on patients and outcomes, not procedures and profits. In no small part, that is why Minnesotans chose to send us to Washington, and that’s why we’re proud to continue fulfilling that promise by helping to introduce H.R. 3, the Elijah E. Cummings Lower Drug Costs Now Act, in the House of Representatives this month.

This game-changing prescription drug pricing bill finally gives Medicare leverage to negotiate lower drug prices. It has been estimated by the nonpartisan Congressional Budget Office (CBO) and the Centers for Medicare (CMS) Office of the Actuary that H.R. 3 will lower drug prices by up to 55% — saving hard-working Americans an enormous $158 billion.