Market Overview

AHF Lauds Reps. Doggett, Welch & Cummings for Unveiling Bold, Market-Driven Plan to Lower Prescription Drug Prices

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AIDS Healthcare Foundation (AHF)
welcomed the introduction last week of legislation in the U.S. House of
Representatives, H.R. 6505, that would require the U.S. Secretary of
Health and Human Services to negotiate prices of prescription drugs
furnished under part D of the Medicare program. "We especially want to
thank U.S. Reps. Elijah Cummings (D-Maryland), Lloyd Doggett
(D-Texas) and Peter Welch (D-Vermont) and their 82 fellow
congressional co-sponsors for laying down this marker that the U.S.
government should no longer get ripped off by obscenely priced
prescription drugs after paying for 80 percent of the research and
development that goes into discovering them," said AHF President Michael
Weinstein
.

The American people agree. Requiring the government to negotiate what it
pays for prescription drugs is overwhelming popular with American
voters. According to Kaiser
Family Foundation polling
, 92 percent of Americans "favor allowing
the federal government to negotiate drug prices for Medicare
beneficiaries." "Yet, the grip the drug companies have on the government
has blocked any serious attempts to use the market to bring down the
price of drugs," said Tom Myers, general counsel and chief of
public affairs, AHF. "The U.S. government engages in price negotiations
with thousands of vendors, suppliers and defense contractors for goods
and services. There's no valid reason it can't do the same with the drug
companies."

"AHF sees this legislation as a common-sense solution that every other
industrialized country has embraced to reduce the high cost of health
care," said Weinstein. AHF joins the following groups in endorsing H.R.
6505:

Public Citizen, Social Security Works, Center for Medicare Advocacy,
Consumers Union, Families USA, Patients for Affordable Drugs, Community
Catalyst, AFSCME, American Federation of Teachers, Small Business
Majority, CREDO, Consumer Action, Health Care for America Now (HCAN),
UNITE HERE!, National Physicians Alliance, American Medical Students
Association, Daily Kos, People's Action, Progressive Change Campaign
Committee, ACT UP New York, Progressive Democrats of America, People of
Faith for Access to Medicines, Clinicians for Progressive Care,
Physicians for a National Health Program, People Demanding Action,
Business Initiative for Health Policy.

See H.R.6505 -
Medicare Negotiation and Competitive Licensing Act of 2018
 for
details on the proposal.

AIDS Healthcare Foundation (AHF), the largest global AIDS
organization, currently provides medical care and/or services to over
965,000 individuals in 41 countries worldwide in the US, Africa, Latin
America/Caribbean, the Asia/Pacific Region and Eastern Europe. To learn
more about AHF, please visit our website: www.aidshealth.org,
find us on Facebook: www.facebook.com/aidshealth
and follow us @aidshealthcare.

For information on the campaign to preserve 340B, please visit: www.let340B.org

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