Lower Costs, More Transparency Act

Floor Speech

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Mr. CARTER of Georgia. Mr. Speaker, I thank the gentlewoman for yielding.

Mr. Speaker, I rise today in strong support of H.R. 5378, the Lower Costs, More Transparency Act.

As a pharmacist for over four decades, I have seen firsthand how our healthcare system treats patients with unaffordable prices and inaccessible care.

Under the leadership of Chairwoman Rodgers and Health Subcommittee Chairman Guthrie, we can do something about it by reining in the PBMs and putting patients before profits.

Included in this bill is my Drug Price Transparency in Medicaid Act which puts an end to the PBM games by prohibiting spread pricing in Medicaid and increasing transparency and fairness to community pharmacies by allowing them to be reimbursed at an appropriate rate for dispensing medications to Medicaid patients.

I am also pleased to see my PBM Accountability Act is also included in this bill.

The Lower Costs, More Transparency Act is such an important first step towards bringing down prescription drug prices by addressing the root cause: the middlemen who prey on patients for profits.

Mr. Speaker, I urge my colleagues to support the Lower Costs, More Transparency Act.

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