U.S. Sen. Tammy Baldwin
Press Release

U.S. Senator Tammy Baldwin Introduces Legislation To Allow Medicare To Negotiate Prescription Drug Prices And Lower Costs For Seniors

Legislation would allow Medicare to negotiate the best possible price of prescription drugs, to cut costs for nearly 43 million seniors enrolled in Medicare Part D. Current law only allows for bargaining by pharmaceutical companies but bans Medicare from doing so

By - Jan 9th, 2019 01:19 pm

WASHINGTON, D.C. – U.S. Senator Tammy Baldwin today joined Senator Amy Klobuchar (D-MN) in reintroducing legislation to unleash the bargaining power of seniors for a better deal on prescription drug costs. The Empowering Medicare Seniors to Negotiate Drug Prices Act would allow for Medicare to negotiate the best possible price of prescription drugs to cut costs for nearly 43 million seniors enrolled in Medicare Part D. Current law only allows for bargaining by pharmaceutical companies and prohibits Medicare from doing so.

“We have a broken system in Washington that prohibits the federal government from negotiating lower prescription drug prices for older Wisconsinites,” said Senator Baldwin. “I have long championed efforts to allow the government to negotiate directly with pharmaceutical corporations to get better prices on lifesaving medicines instead of increasing drug company profits. President Trump campaigned in 2016 on lowering the cost of prescription drugs, including by allowing Medicare to negotiate drug prices. It’s time for the President to work with Congress to pass this commonsense reform that will help lower out-of-pocket costs for seniors. This legislation is a critical reform that would help safeguard the Medicare program and keep our promises to seniors and taxpayers.”

The Empowering Medicare Seniors to Negotiate Drug Prices Act would allow the Secretary of Health and Human Services to directly negotiate with drug companies for price discounts for the Medicare Prescription Drug Program, eliminating the “non-interference” clause that expressly bans Medicare from negotiating for better prices. By harnessing the bargaining power of nearly 43 million seniors, Medicare could negotiate bigger discounts than pharmaceutical companies.

In addition to Baldwin, Senators Chuck Schumer (D-NY), Patty Murray (D-WA), Ron Wyden (D-OR), Richard Blumenthal (D-CT), Cory Booker (D-NJ), Sherrod Brown (D-OH), Tammy Duckworth (D-IL), Kamala Harris (D-CA), Maggie Hassan (D-NH), Martin Heinrich (D-NM), Tim Kaine (D-VA), Angus King (I-ME), Patrick Leahy (D-VT), Chris Murphy (D-CT), Debbie Stabenow (D-MI), Ben Cardin (D-MD), Tom Udall (D-NM), Kirsten Gillibrand (D-NY), Michael Bennet (D-CO), Maria Cantwell (D-WA), Mazie Hirono (D-HI), Joe Manchin (D-WV), Jeff Merkley (D-OR), Jeanne Shaheen (D-NH), Chris Van Hollen (D-MD), Mark Warner (D-VA), Elizabeth Warren (D-MA), Catherine Cortez Masto (D-NV), Jack Reed (D-RI), Tina Smith (D-MN) and Sheldon Whitehouse (D-RI) are also cosponsors of the legislation.

In the House of Representatives, the bipartisan companion bill is led by Representatives Peter Welch (D-VT) and Francis Rooney (R-FL).

Full text of the legislation is available here.

Recent Press Releases by U.S. Sen. Tammy Baldwin

U.S. Senator Tammy Baldwin Statement on Senate Vote to Terminate President Trump’s Declaration of a National Emergency

"Our Constitution is very clear that Congress has the power of the purse and President Trump can’t just steal the purse and spend money on whatever he wants."

U.S. Senator Tammy Baldwin Introduces Reform to Protect Health Care and Social Services Workers from Workplace Violence

Legislation creates standard requiring health care and social service employers to implement workplace violence prevention plan and protect employees from violent incidents

Senator Baldwin and Representative Pascrell Reintroduce Tax Reform to Close Tax Loophole for Millionaires and Billionaires on Wall Street

President Trump broke promise to close tax loophole. Legislation would end carried interest tax loophole for Wall Street hedge fund managers

Leave a Reply

You must be an Urban Milwaukee member to leave a comment. Membership, which includes a host of perks, including an ad-free website, tickets to marquee events like Summerfest, the Wisconsin State Fair and the Florentine Opera, a better photo browser and access to members-only, behind-the-scenes tours, starts at $9/month. Learn more.

Join now and cancel anytime.

If you are an existing member, sign-in to leave a comment.

Have questions? Need to report an error? Contact Us