Pelosi Statement on Posting of Rules Committee Print of H.R. 3
Washington, D.C. – Speaker Nancy Pelosi released this statement on the posting of the Rules Committee print of H.R. 3, the Elijah E. Cummings Lower Drug Costs Now Act:
“Next week, House Democrats will pass historic legislation to lower prescription drug prices and deliver the most transformational expansion of Medicare since its creation.
“The Elijah E. Cummings Lower Drug Costs Now Act will deliver life-changing savings for patients, employers and taxpayers. Medicare will have the power to negotiate lower drug prices and make those prices available to people with private insurance. No longer will Americans have to pay more for their prescriptions than what Big Pharma charges in other countries for the same medicines.
“We are reinvesting the more than half a trillion dollars the federal government alone saves from lower drug prices to expand Medicare to cover vision, dental and hearing for the first time. We add billions to the search for breakthrough cures and treatments, confronting the opioid epidemic, strengthening our community health centers, and more.
“In our For The People agenda, Democrats said we would lower the cost of health care by lowering the cost of prescription drugs. We will do so when we pass this transformative legislation For The People next week.”