LATEST SENATOR STABENOW
Stabenow Announces New Legislation to Crack Down on Prescription Drug Costs and Increase Drug Price Transparency
U.S. Senator Debbie Stabenow (D-MI) today announced two new bills she is sponsoring to crack down on skyrocketing prescription drug prices. The Empowering Medicare Seniors to Negotiate Drug Prices Act would allow Medicare to negotiate the best possible prices of prescription drugs to cut costs for nearly 41 million seniors enrolled in Medicare Part D. Current law only allows for bargaining by pharmaceutical companies and bans Medicare from doing so. The Stopping the Pharmaceutical Industry from Keeping Drugs Expensive (SPIKE) Act would increase transparency by requiring drug companies to publicly report large price hikes.
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