Clay Says H.R. 3 Will Lower Prescription Drug Prices and Expand Medicare
to Cover Dental, Vision and Hearing Care for Seniors
Elijah Cummings Lower Drug Costs Now Act of 2019 Will Help Millions of Americans Afford their Medication
WASHINGTON, DC – Congressman Wm. Lacy Clay (D) Missouri voted today to pass H.R. 3, the Elijah Cummings Lower Drug Costs Now Act of 2019, a key component of the House Democratic For the People Agenda. This ground-breaking new legislation finally levels the playing field for everyday Americans who need help paying for their prescription drugs.
“H.R. 3 will force drug companies to come to the table with Medicare and negotiate real price reductions and it will make the lower drug prices negotiated by Medicare available to all Americans, including those with private insurance,” said Mr. Clay. “Our bill will also stop drug companies from unfairly charging Americans more than in other countries – for the same medication. And it will create a new $2,000 out-of-pocket limit on prescription drugs costs for Medicare beneficiaries.”
The Congressman continued, “This bill is especially designed to help our senior citizens. For the first time, Medicare benefits would be expanded to cover dental care, vision care and hearing benefits. In St. Louis, I represent over 108,000 seniors who can’t afford to go to the dentist; over 76,000 seniors who can’t afford to go to the eye doctor; and over 109,000 seniors who would get help paying for hearing aids. This bill is literally life-changing for senior citizens and everyone else too. I demand that Mitch McConnell finally does his job and bring it up for a vote in the U.S. Senate. And I encourage everyone in Missouri to contact Senator Blunt and Senator Hawley to urge them to press Leader McConnell to schedule a vote on H.R. 3 immediately.”
The Elijah Cummings Lower Drug Act of 2019 would:
- Give Medicare the power to negotiate directly with the drug companies and force drug companies to the table to agree to real price reductions, while ensuring seniors never lose access to the prescriptions they need.
- Make the lower drug prices negotiated by Medicare available to Americans with private insurance, not just Medicare beneficiaries.
- Stop drug companies ripping off Americans while charging other countries less for the same drugs, limiting the maximum price for any negotiated drug to be in line with the average price in countries like ours, where drug companies charge less for the same drugs.
- Create a new, $2,000 out-of-pocket limit on prescription drug costs for Medicare beneficiaries, and reverses years of unfair price hikes above inflation across thousands of drugs in Medicare.
- Reinvest the hundreds of billions of dollars in savings in the most transformational expansion to Medicare since its creation – delivering vision, dental and hearing benefits – and turbocharging the search for new cures.
“On behalf of my constituents and for all Americans, I am proud to join with my colleagues to pass the Lower Drug Costs Now Act to deliver significant savings for patients, employers and taxpayers and make critical investments in expanding Medicare, as well as an expansion of lifesaving research.” said Mr. Clay. “With this historic step, House Democrats have reaffirmed our national commitment to advance real progress that makes a difference for hard-working families.”