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AHF Praises Majority of House Democrats for Backing Rep. Doggett’s Drug Pricing Bill

WASHINGTON–(BUSINESS WIRE)–AIDS Healthcare Foundation (AHF)
praised the 122 members of the U.S. House of Representatives Wednesday
who have signed on as co-sponsors for the most serious piece of
legislation tackling drug prices in 2019.

Over half of the majority party in the House have endorsed the Medicare
Negotiation and Competitive Licensing Act, H.R. 1046
, introduced by
Congressman Lloyd Doggett (D-Texas). If passed, the bill would require
the U.S. government to negotiate with drug manufacturers who sell to the
Medicare Part D drug program. Medicare Part D is a $100 billion market,
the largest drug market in the world.

“The drug industry is doing all it can to stop the momentum behind this
legislation, which enjoys the support from nine out of ten Americans and
a majority of the Democrats in the House,” said Michael Weinstein,
president of AIDS Healthcare Foundation.

H.R.
1046
and its companion in the U.S. Senate, S.
377
by U.S. Senator Sherrod Brown (D-Ohio), would repeal the
prohibition on the government using its bulk purchasing power for the
$100 billion it spends each year on prescription drugs for Medicare Part
D. Recent reports from
Politico
reveal that drug companies are pouring money into the
campaigns of the legislators who will determine the fate of this
legislation.

“Big drug companies are pulling out all the stops with deceptive tactics
claiming the bill would stop innovation,” said John Hassell, AHF’s
National Director of Advocacy. In fact, the legislation would allow
compensation based on costs of research and development and the health
benefits of medicine establishing a reasonable royalty to ensure an
adequate return and protect incentives for innovation. The development
of new drugs is already heavily subsidized by the very taxpayers who are
stuck with the drug industry’s high drug prices. The industry relies on
public funding, from the National Institutes of Health, for innovation
with every one of the 210 new drugs approved by the Food and Drug
Administration from 2010 to 2016.

AHF calls on every voter who cares about high drug prices to take action
now. Voters can contact their members of Congress in the House and
Senate by calling 202-224-3121 and ask them to support H.R.
1046
and S.
377
.

AHF previous statements on US drug pricing legislation:
AHF
Endorses Medicare Drug Price Negotiation Bills By Rep. Lloyd Doggett…

AHF
Supports Legislation, US Congress Will Fight High Cost Prescription Drugs

AIDS Healthcare Foundation (AHF), the largest global AIDS
organization, currently provides medical care and/or services to over 1
million individuals in 43 countries worldwide in the US, Africa, Latin
America/Caribbean, the Asia/Pacific Region and Eastern Europe. To learn
more about AHF, please visit our website: www.aidshealth.org,
find us on Facebook: www.facebook.com/aidshealth and
follow us @aidshealthcare.

Contacts

WASHINGTON DC:
John Hassell, National Director of Advocacy
Phone:
(202) 774-4854
E-mail: [email protected]

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