Problem Solvers Caucus takes aim at skyrocketing medication costs


WASHINGTON (NEXSTAR) — With prescription drug prices on the rise, members of the bipartisan Problem Solvers Caucus say they’re committed to finding a solution.

Its co-chair, Congressman Tom Reed, R-New York, says the group has a plan to try and drive costs down.

“It’s about transparency,” he said. “We can hold the companies accountable for how they set these prices and then do our best to bring market into the equation so that the prices go down.”

The lawmakers recently laid out principles they believe should be adopted and included in legislation to lower the price of prescription drugs.

Reed says they want to establish price transparency standards for patients and providers, and they want drug manufacturers to disclose the price of treatment as well as allow the release of more generic drugs.

“Deal with the abuses of patent reform where companies are taking advantage of the patent laws to prevent drugs from coming on to the market,” Reed explained.

“Transparency is a really good first step to try and get the information we need to figure out if whether drug prices are justified,” said Leigh Purvis of the American Association of Retired Persons (AARP).

Purvis, the AARP’s director of health services research, says she believes drug companies are taking advantage of patients.

“Drug companies are out there saying it costs $2.6 billion to get a drug to market, but the reality is we have absolutely no way to verify that and that is what they’re using to justify their prices,” Purvis said.

“The prices here in the United States are just too high,” she added.

The AARP says they’re encouraged by the principles but a lot more must be done by Congress to bring down the cost of drugs.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

CBS47 On Your Side

Do you have a problem that you need help solving? Contact CBS47 and let us be On Your Side.

Phone: 559-761-0383

Images from Armenia

Small patients in Armenia
Yerevan by night.
Dr. Jeff Thomas delivers.
Dr. Jeff Thomas delivers in Gyumri.
Doctors unpack medical supplies from The Central Valley.
Fresno Medical Mission at work.
Medical Supplies being unloaded.
Fresno Medical Mission at the ready.
KSEE24 crew witnesses the miracle of life in Gyumri, Armenia.
Life saving work of Central Valley surgeons in Armenia.
Ribbon cutting on new surgical center in Ashtarak Armenia. Fresno donors made this dream come true.
KSEE24 on assignment with the Fresno Medical Mission
Honorary Consulate to Armenia Berj Apkarian explains the crisis facing one hospital.
KSEE24's Stefani Booroojian and Kevin Mahan at the meeting with President Bako Sahakyan.
Medical Meeting in Artsakh.
The President of Artsakh meets with the Fresno Medical Mission.
Learning modern medicine techniques with the Fresno Medical Mission in surgery.
Leaning in for a look. Dr. Brien Tonkinson holds class and helps a patient in Armenia.
Fresno Medical Mission cares on one of the smallest patients in the region. Six-year old Yanna receives life-changing better breathing surgery.