Washington, D.C. – Congressman Frank Pallone, Jr. (NJ-06) released the following statement on June 21 on PhRMA filing a lawsuit challenging the Inflation Reduction Act’s provisions empowering Medicare to negotiate lower prescription drug prices for seniors:
“This lawsuit further demonstrates that PhRMA cares far more about profits than people. While Americans are being forced to skip doses to stretch their prescriptions, one of Washington’s wealthiest lobby groups is going to court to attempt to prevent Medicare from finally being able to negotiate lower prices for seniors. It’s shameful but PhRMA has never had a problem with its companies charging Americans two, five, or even ten times more for the exact same drugs than they charge in other countries. They are ripping off Americans who are struggling to pay for the lifesaving drugs they need and Democrats are not going to let them get away with it.
“This lawsuit won’t intimidate us or deter Democrats’ ongoing effort to rein in the soaring cost of prescription drugs to make them more affordable for all Americans. Democrats are more than ready to defend this historic accomplishment in court, which I’m confident will withstand this ridiculous lawsuit. The only thing this lawsuit will accomplish is hardening Democrats’ resolve to pass legislation to extend Medicare’s negotiated prices to the commercial market.”
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