Hirono, Klobuchar Lead Effort to Lower Prescription Drug Costs for Seniors

Statement

Senators Mazie K. Hirono and Amy Klobuchar (D-Minn.) introduced a bill to allow Medicare to negotiate the best possible price of prescription drugs to cut costs for nearly 41 million seniors enrolled in Medicare Part D. Current law bars Medicare from bargaining directly with pharmaceutical companies.

"Our kupuna deserve to have access to affordable prescription medication," said Senator Hirono. "This commonsense legislation allows Medicare to negotiate directly with manufacturers to bring down costs for Hawaii seniors and their families."

The legislation 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 the best possible prices. With 41 million seniors, including nearly 70,000 in Hawaii, participating Medicare Part D, Medicare could negotiate bigger discounts than pharmaceutical companies.

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