Working to Lower Health Care Costs for all Kentuckians
On December 11, H.R. 5378, the Lower Costs, More Transparency Act, which I helped lead from the Health Subcommittee, passed the House of Representatives with over 300 votes. This crucial bill helps to fulfill a promise I made from my first day as Health Chairman, to make health care more affordable.
By empowering patients to know the true costs of care we can make the health care system work better for patients, especially our seniors. This will allow both patients and employers that provide health benefits to their employees to more efficiently shop around for care and make informed decisions for their health care needs.
This legislation will also help reveal the real costs you are paying at the pharmacy, by requiring pharmacy benefit managers (PBMs) to disclose negotiated discounts and other fees they charge employers. This information will help employers know about other effective and lower cost medications, such as generic drugs, that they could cover under employee health plans to help lower prescription drug spending. This can drive real change to lower the costs of prescription medications for hard-working Kentuckians.
Additionally, this legislation helps to expand access to generic drugs, which will help ensure patients can maintain access to cheaper, life-saving medications. I am now working with Energy and Commerce Committee Chair Cathy McMorris Rodgers to ensure that the Senate takes up this legislation so it becomes a law and everyday Kentuckians can see the benefits of this landmark legislation.