Senator Gillibrand unveils plan to reduce soaring prescription drug prices

Senator Kirsten Gillibrand was in Syosset on Friday to present a plan to reduce soaring drug prices.

The five-point plan includes the following:

– An annual review of excessive prices of brand name drugs

– Allow Medicare to negotiate lower prices

– Import medicines at lower cost from Canada

– Expand subsidies to low-income seniors living in all 14 U.S. territories

– Overhauled Medicare financial assistance by streamlining programs

According to a 2021 AARP report, the average retail price of 143 widely used brand-name drugs has increased more than 300% over the past 15 years.

Jacqueline Campbell, from Queens, says it’s a case of sticker shock every time she pays for prescription drugs to treat her asthma.

“It’s so high that you can’t even buy medicine if you’re in certain situations,” says Campbell. “Prescription drugs are like the lifeline for all of us, and we can’t even afford them.”

Doctors tell News 12 that Gillibrand’s plan would help make prescription drugs more affordable and accessible.

“Because if people have the medications they need and take them correctly and understand how they take their medications, it will ultimately translate to less downstream expenses and better health and quality of life for all,” says Dr. Onisis Stefas, a Northwell Vice President of Health and Chief Pharmacy Officer.

Gillibrand says she hopes her plan will receive congressional approval by July. She says 30% of adults said they didn’t take their medications as prescribed because they were simply too expensive.

“Because if people have the medications they need and take them correctly and understand how they take their medications, it will ultimately lead to less downstream expense and better health and quality of life for everyone” , says Dr. Onisis Stefas, a Northwell Vice President Health and Chief Pharmacy Officer.

Gillebrand says she hopes her plan will receive congressional approval by July. She says 30% of adults said they didn’t take their medications as prescribed because they were simply too expensive.


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