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AHF Endorses Medicare Drug Price Negotiation Bills by Rep. Lloyd Doggett (D-TX) and Sen. Sherrod Brown (D-OH)

February 7, 2019

WASHINGTON--(BUSINESS WIRE)--Feb 7, 2019--AIDS Healthcare Foundation ( AHF ) enthusiastically endorses   the Medicare Negotiation and Competitive Licensing Act, two identical bills introduced today in the House of Representatives by Congressman Lloyd Doggett (D-TX) and at least 103 co-sponsors, and in the United States Senate by Senator Sherrod Brown (D-OH). The parallel bills would achieve lower prescription drug prices for Medicare Part D through direct government negotiation with drug manufacturers.

“In 2017, Medicare Part D spent $100 billion on prescription drugs. (See:  $100 billion in prescription drug spending under Medicare Part D in 2017.) With that much money to spend, the government should be required to negotiate for the best price,” said Michael Weinstein, president of AHF. “This legislation will help lower the price of prescription drugs for everyone.”

Thanks to the corrupt lobbying by greedy drug companies, the government’s hands have been tied when it comes to negotiating fair and reasonable prices for drugs purchased through the Medicare program. This bill will finally free up the government to ensure that prescription drug prices for our seniors are reasonable and affordable under Medicare Part D. By including a fallback to negotiations of competitive licensing when pharmaceutical companies fail to offer an appropriate price, seniors will be protected from unfair prices, and no one’s access to medicine is put at risk.

Hashtag: #EndRxMonopolyPrices

NOTE: AHF is available for further comment on the Medicare Negotiation and Competitive Licensing Acts.

AIDS Healthcare Foundation (AHF), the largest global AIDS organization, currently provides medical care and/or services to over one million people in 43 countries worldwide in the US, Africa, Latin America/Caribbean, the Asia/Pacific Region and Eastern Europe. To learn more about AHF, please visit our website: www.aidshealth.org, find us on Facebook: www.facebook.com/aidshealth and follow us on Twitter: @aidshealthcare and Instagram: @aidshealthcare.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190207005654/en/

CONTACT: MEDIA CONTACTS:

WASHINGTON

John Hassell, National Director of Advocacy, AHF

+1.202.774.4854 [cell]John.hassell@aidshealth.orgLOS ANGELES

Ged Kenslea, Senior Director, Communications, AHF

+1.323.791.5526 [cell] +1.323.308.1833 [work]gedk@aidshealth.orgATLANTA

Imara Canady, Regional Director, Communications & Community Engagement for AHF

Imara.Canady@aidshealth.org- 954.952.0258 mobile

KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA OHIO TEXAS

INDUSTRY KEYWORD: SENIORS HEALTH AIDS INFECTIOUS DISEASES PUBLIC POLICY/GOVERNMENT HEALTHCARE REFORM CONGRESSIONAL NEWS/VIEWS PHARMACEUTICAL OTHER POLICY ISSUES PUBLIC POLICY CONSUMER GAY & LESBIAN

SOURCE: AIDS Healthcare Foundation

Copyright Business Wire 2019.

PUB: 02/07/2019 12:03 PM/DISC: 02/07/2019 12:03 PM

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