Golden Backs Bill to Lower Prescription Drug Prices, Cap Costs for Seniors

October 23, 2019
Press Release
Congressman signs on to legislation to cap Medicare out-of-pocket drug costs, allow Medicare to negotiate lower drug prices

WASHINGTON — Following a tele-town hall last week with Maine seniors focused on the rising cost of prescription drugs, Congressman Jared Golden (ME-02) announced today his cosponsorship of legislation that would lower health care costs by driving down prescription drug prices. Golden signed on to H.R. 3, the Lower Drug Costs Now Act, which would cap the out-of-pocket costs paid by Maine seniors for their prescription drugs every year, limit price increases for many drugs covered by Medicare to the inflation rate, as well as allow the Medicare program to negotiate down the prices of many high-cost medications. The price negotiation provision of the bill is projected to save taxpayers over $345 billion and American families $158 billion over ten years.

“Nearly half the seniors I heard from last week had chosen not to fill a prescription because of the cost, or knew someone who had,” said Golden. “Prescription drug companies are forcing many Mainers, particularly seniors, to make this impossible choice every time they go to the pharmacy. By capping out-of-pocket costs for seniors’ prescription drugs and allowing Medicare to negotiate lower prices for millions of Americans, the Lower Drug Costs Now Act would stand up to the power of pharmaceutical companies and lower health care costs for thousands of Mainers across our state.”

Golden has prioritized lowering the cost of prescription drugs to make health care more affordable for Maine families. Earlier this year he introduced the FLAT Prices Act to punish drug companies who unnecessarily spike the prices of their drugs, co-sponsored the Safe and Affordable Drugs from Canada Act to allow for importation of certain medications from Canada, and led a bipartisan group of Representatives to condemn playing partisan politics with Americans’ health care

This week, Golden also held a tele-town hall with AARP to speak with Maine seniors from Belfast, Hampden, Livermore, Madison, Orrington, Presque Isle and Sabattus about the challenges they’ve faced as costs have spiked. During the town hall, nearly half of callers reported they themselves, or someone they knew, had chosen not to fill a prescription because it was too expensive. After speaking with Gordon, from Presque Isle, about insulin prices, Golden cited the value of H.R. 3 for Maine seniors struggling to afford health care.

You can listen to Golden’s tele-town hall here.

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