Tell Congress to Let Medicare Negotiate Lower Drug Prices
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Most Tuesdays, I sit in a treatment room to fight my never-ending battle with incurable cancer. I am grateful for the drugs working to hold my blood disease in check. Unfortunately, what isn’t being held in check is the drug price.
My drugs are priced at $20,000 per treatment. With 22 treatments this year, that’s $440,000. Outrageous.
Before this, I took a drug that costs a typical Medicare patient $11,500 out-of-pocket every year. These are Americans with a median income of $24,150 per year.
My wife - a breast cancer survivor - and I founded Patients For Affordable Drugs to amplify the voices of Americans struggling under crushing drug prices and to make policymakers and elected officials see the heavy toll on real people. We don’t accept funding from organizations that profit from the development and distribution of prescription drugs.
The craziest part about drug prices is that Congress can fix it.
Right now, Medicare is forced to accept prices dictated by drug companies. Drug corporations and their lobbyists rigged the system to give themselves monopoly pricing power. They charge whatever they want for new drugs and often raise prices for old drugs with impunity. In fact, the law explicitly prohibits Medicare from negotiating the price of drugs.
It’s time for change. As long as Medicare can’t bargain, patients will pay higher prices.
Sign your name and tell the President and Congress that Medicare should negotiate lower drug prices for patients and taxpayers.
David Mitchell, Patients For Affordable Drugs Co-Founder and President
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