“It’s outrageous that year over year, Big Pharma continues to raise prescription drug prices on Nevadans, and it’s time we put a stop to it,” said Senator Cortez Masto. Specifically, her bill would punish drug companies for raising prescription drug prices faster than the rate of inflation.Ĭortez Masto’s legislation builds on the Inflation Reduction Act’s work to lower health costs for seniors with Medicare by ensuring that all Nevadans are protected from exorbitant increases in prescription drug prices-including private health insurance and employer-sponsored health plans like Union health funds. Senator Amy Klobuchar (D-Minn.) introduced the Lower Drug Costs for Families Act, legislation to hold Big Pharma accountable and reduce the national deficit by more than $34 billion over a decade. Senator Catherine Cortez Masto (D-Nev.), a member of the Senate Finance Committee, and U.S. MaCortez Masto, Klobuchar Introduce Legislation to Hold Big Pharma Accountable for Price Hikes and Reduce the DeficitĪt a Senate Finance Committee hearing, Cortez Masto highlighted this legislation and the need to lower prescription drug prices for families
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