"As a result of public outrage and strong grassroots efforts, major pharmaceutical companies recently announced that they would be substantially reducing the price of insulin. That's an important step forward. We must make certain, however, that those price reductions go into effect in a way that results in every American getting the insulin they need at an affordable price. But that's not all. We have got to substantially lower the price of all prescription drugs. The United States cannot continue to pay, by far, the highest prices in the world for prescription drugs while drug companies and PBMs make billions in profits. That's what this hearing is all about."