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Source: United States House of Representatives – Representative Donna Shalala (FL-27)

WASHINGTON, DC – Tomorrow, Rep. Donna Shalala  (FL-27) along with Reps. Lois Frankel(FL-21), Debbie Mucarsel-Powell (FL-26) and Frederica Wilson (FL-24) will host a press call for Florida reporters Tuesday, December 10, at 4 PM EST ahead of a Thursday vote in the U.S House of Representatives to pass the landmark Elijah E. Cummings Lower Drugs Costs Now Act. The Lower Drug Costs Now Act would give Medicare the power to negotiate directly with the drug companies to bring down prices and make those savings available to Floridians with private insurance too, not just those on Medicare.

The Members will highlight data on how the bills will help Florida patients.

WHO: Representatives Donna Shalala (FL-27), Lois Frankel(FL-21), Debbie Mucarsel-Powell (FL-26) and Frederica Wilson (FL-24)

WHAT: Call with Florida media ahead of historic passage of Lower Drug Costs Now Act.

WHEN: Tuesday, December 10, at 4 PM EST

Dial-in number: 425-436-6200

Access Code: 546782

THE LOWER DRUG COSTS NOW ACT WOULD LOWER DRUG COSTS AND EXPAND BENEFITS:

The Lower Drug Costs Now Act would:

  • Give Medicare the power to negotiate directly with the drug companies to bring down prices and create powerful new tools to force drug companies to the table to agree to real price reductions;
  • Make the lower drug prices negotiated by Medicare available to Americans with private insurance too, not just those on Medicare;
  • Stop drug companies ripping off Americans while charging other countries less for the same drugs by limiting the maximum price for any negotiated drug;
  • Create a new $2,000 out-of-pocket limit on prescription drug costs for people on Medicare;
  • Save taxpayers approximately $500 billion over the next ten years and reinvest that savings into:
  • Expanding Medicare benefits to cover things like dental, vision and hearing,
  • Combatting the addiction crisis, and
  • Researching new cures and treatments.

THE LOWER DRUG COSTS NOW ACT WOULD SAVE MONEY:

Independent experts found the Lower Drug Costs Now Act would:

  • Save American households $120 billion.
  • Save private businesses more than $40 billion.
  • Save taxpayers approximately $500 billion and reinvests that savings to expand benefits.

Additional Background on the Lower Drug Costs Now Act can be found HERE.

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MIL OSI USA News