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Brady Statement on President’s Drug Pricing Rules

November 20, 2020

WASHINGTON — The top Republican on the House Ways and Means Committee Kevin Brady (R-TX) released the following statement after the Trump Administration finalized new rules regarding prescription drug pricing:

We need to reduce the cost of overpriced drugs. That’s why House Republicans are championing H.R. 19, a bill comprised of bipartisan solutions to lower the cost of medicines for seniors while accelerating new cures and fixing perverse incentives in the Medicare drug program. We need a long-term, legislative solution to achieve our goal, and I believe HR 19 would accomplish the goal without raising seniors’ premiums or importing foreign price controls that slow down the development of new medical cures.”