Problem Solvers Caucus Drug Price Principles

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Members of the congressional Problem Solvers Caucus, 23 Democrats and 23 Republicans from both the House and the Senate, have released a list of seven principles for supporting prescription drug pricing legislation. A media statement from Sens. Susan Collins (R-ME) and Joe Manchin (D-WV) said legislation to address the country’s constantly rising prescription drug prices would also boost access to healthcare nationwide, increase price transparency, and grow competition. The principles are: 

  •          support access to medications for patients through more transparency, competition, and affordability in the U.S. prescription drug market;
  •          support price transparency standards that give patients, healthcare providers, and the federal government clear information about drug costs;
  •          believe drug manufacturers should have to disclose, in a way consumers and providers can understand, the price of treatment for advertised drugs and explanation of prices;
  •          believe pharmacy benefit managers should have to disclose, in a way consumers and providers can understand, the discounts they receive from drug manufacturers that affect the cost of medications for patients;
  •          support patent transparency standards that help new drugs come to market as soon as possible;
  •          support competition among drug manufacturers that ensures continued research and development, makes drugs more affordable, and increases access for patients who need them; and
  •          believe in enforcement mechanisms that pave the way for new, more affordable drugs if other manufacturers do not comply with transparency standards or engage in anti-competitive behavior.

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