Senate Hearing to Tackle Drug Pricing

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The Senate Finance Committee has announced a 1/29 hearing on “Drug Pricing in America: A Prescription for Change, Part I.” The 10:15 a.m. hearing will be chaired by chairman Chuck Grassley (R-IA). It is the first in a series of hearings “scrutinizing prescription drug pricing and considering policy and oversight solutions to lower costs for American patients,” the committee says.

“As I’ve stated time and again, addressing the sky-high cost of prescription drugs is a priority for me and the Senate Finance Committee this Congress,” Grassley said. “We already know what the problem is. It’s time to look at bipartisan solutions and work to turn them into law.” Grassley last year gave a floor speech on transparency in prescription drug pricing and this month wrote an op-ed outlining his plan to reduce health care costs.

 

This Congress, Grassley re-introduced bipartisan legislation to stop anti-competitive pay-for-delay pharmaceutical deals in which branded companies pay their generic competitors not to compete as part of a patent settlement. Grassley also introduced bipartisan legislation to permit drug importation from approved pharmacies in Canada.

 

The committee will receive testimony from economists, a patient advocate and others. A witness list will be released shortly.

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