In Scottsdale – and communities like ours all over the country – rising prescription drug prices are causing tremendous financial hardship.
It’s impacting patients struggling to afford health care. It’s affecting small business owners who would like to provide affordable health care for their employees. It’s impacting families faced with the unbearable choice between paying for critical medications and other basic necessities. All the while Big Pharma continues to see profits increase.
This January drug companies increased prices on more than 800 brand name drugs rise and already in July we are seeing another batch of price hikes under way, surpassing 65 increases in just a few weeks.
While price hikes disproportionately affect senior citizens and individuals with chronic conditions, more than two-thirds of all American adults use prescription drugs. This is an issue that affects us all.
So, it’s time for our legislators in Washington to pass solutions with bipartisan support.
It’s time to advance market-based reforms with support from Republicans and Democrats to increase competition and transparency, stop taxpayer subsidies for price hikes higher than inflation, cap out-of-pocket costs for seniors, and hold Big Pharma accountable by giving the drug industry responsibility for significant Medicare Part D cost-sharing.
As a former US Air Force Captain, I know what it means to be a leader and step up when faced with adversity. It’s time for Senators Mark Kelly and Kyrsten Sinema to step up too and deliver solutions to lower drug prices and hold Big Pharma accountable.