Click HERE to read Senator Collins’ opening statement
Click HERE to read Senator Casey’s opening statement
Washington, D.C.— Skipped doses, repeated paramedic visits, and thousands of dollars in medical debt. These were just a few of the serious consequences of rising drug prices that five patients from around the country described to the Senate Aging Committee today. Their personal stories revealed the struggles that they and millions of other Americans have endured to be able to afford the medications they need to remain healthy.
In an effort to improve the affordability and accessibility of prescription drugs, U.S. Senators Susan Collins (R-ME) and Bob Casey (D-PA), the Chairman and Ranking Member of the Senate Aging Committee, are holding two hearings this week to address the rising cost of medications.
Today’s hearing, titled, “The Complex Web of Prescription Drug Prices, Part I: Patients Struggling with Rising Costs,” focused on the real world effect that skyrocketing drug costs have on patients’ wallets as well as their overall quality of life. Tomorrow’s hearing, titled, “The Complex Web of Prescription Drug Prices, Part II: Untangling the Web and Paths Forward,” will explore policy solutions that will address this burgeoning issue.
“For some conditions, prescription drugs represent a lifeline that allow individuals to live, breathe, eat, and sleep. But in the face of rising costs, these therapies are becoming increasingly out of reach for those who need them most. Prescription drugs don’t work for those who cannot afford to take them,” said Senator Collins. “Addressing the rising costs of prescription drugs is a top priority for this Committee. Americans encounter tribulations every day because the drug they need carries a prohibitive price tag – causing them to stretch or skip doses, settle for an alternative that works poorly, or simply go without. I am so grateful to each of our witnesses for their willingness to share their experiences.”
“Many older Americans, just like Barbara Cisek from my state of Pennsylvania, are crushed by the ever-increasing cost of prescription drugs. I’ve heard stories of people rationing out doses just so they can keep taking needed medications," said Senator Casey. “No one should be forced to choose between buying their medication and putting food on the table. I look forward to discussing solutions to these issues during the hearing tomorrow.”
While each patient’s story was unique, common themes included the uncertainty of how they would be able to afford the fluctuating cost of their medication from month to month, the confusion of navigating the system to find help, and the frustration of appealing to insurance companies.
Witnesses for today’s hearing included:
Click HERE to read their testimonies.
+++
The Senate Aging Committee has made combating high prescription drug prices a top priority. In hearings last year, the Committee specifically examined the rising costs of drugs to treat diseases such as rheumatoid arthritis and diabetes.
In 2015, the Aging Committee launched the Senate’s first bipartisan investigation into the causes, impacts, and potential solutions to the egregious price spikes for certain off-patent drugs. The Committee released a report on its investigation in 2016.