Gillibrand visits Utica to introduce legislation that would cut prescription drug costs

Sen. Kirsten Gillibrand was at the Resource Center for Independent Living in Utica Thursday to discuss a bill package that would reduce the cost of prescription drugs.

Posted: Apr 8, 2021 5:18 PM
Updated: Apr 8, 2021 5:32 PM

UTICA, NY — Sen. Kirsten Gillibrand was at the Resource Center for Independent Living in Utica Thursday to discuss a bill package that would reduce the cost of prescription drugs.

There are three bills in the package, which aim to address medication pricing and the importation of more affordable prescriptions.

“As a member of the Aging Committee, reducing prescription drug prices for our seniors is one of my top priorities. That is why I am proud to announce my support for this legislative package that will help us reduce the cost of prescription drugs and make sure that everyone can access the medications they need,” said Gillibrand.

The bills include:

The Prescription Drug Price Relief Act

  • Would peg the price of prescriptions in the United States to the median price in Canada, the United Kingdom, France, Germany and Japan.

The Medicare Drug Price Negotiation Act

  • Directs the secretary of health and human services to negotiate lower prices under Medicare Part D. Under current law, the secretary is prohibited from negotiating prices on behalf of Medicare Part D recipients.

The Affordable and Safe Prescription Drug Importation Act

  • Allow patients, pharmacists and wholesalers to import safe and affordable medicine from Canada and other countries.

Gillibrand also says nearly one-third of adults say they have not taken prescribed medicine in the past year because they could not afford it, while five of the largest pharmaceutical companies in the U.S. made $44.9 billion in profits in 2020.

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