Senator Debbie Stabenow to speak on lowering cost of prescription drugs

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Senator Debbie Stabenow says Americans pay the highest prices for prescription drugs in the world and they’re only going up.

That’s why she will be in Lansing today discussing a package of bills aimed at reducing the cost of prescription medications.

According to our media partners at M-Live, on Wednesday Stabenow announced three new bills in Flint.

The first is called the “Know the Lowest Price Act,” which would allow consumers to know the lowest price they can pay for their medication over the counter at the pharmacy.

According to Stabenow, pharmacists are not allowed to tell consumers about cheaper alternatives to medication they are buying due to contracts between pharmacy benefit managers and insurance companies.

The second bill is called “Empowering Medicare Senior to Negotiate Drug Prices Act,” which would allow the Secretary of Health and Human Services to directly negotiate with drug companies for price discounts for their drugs.

The third bill is called the “Affordable and Safe Prescription Drug Importation Act,” that would authorize the Secretary of Health and Human Services to permit wholesalers, licensed U.S. pharmacies and individuals to import drugs from licensed Canadian sellers that are manufactured at facilities approved by the Food and Drug Administration.

Stabenow will talk about her legislative efforts at Sparrow Health Center Eastside today at 9:30am.

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