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CSPAN3 House Energy Commerce Subcommittee Hearing On Prescription Drug Prices July 14, 2024

Down Prescription Drug prices. The witnesses at the hearing, representatives of the pharmaceutical industry and advocates for patients. Good morning, everyone. The Sub Committee on health will now come to order. The chair now recognizes for five minutes for an opening statement. Last week our Sub Committee held a hearing to essentially follow the money in the drug supply chain. We came away with much valuable information, but we also found there are many secrets. Secret decisions about how drugs are priced. Secret deals between Drug Companies and the pbms and secret agreements between pbms and insurers. Today were considering seven bipartisan bills that essentially unmask the secrets, that secret process, and ensure that low income seniors can afford their medicati ....

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