Experts to Congress – 8 Steps to Cut Drug Prices

Drugs that are not affordable are of little value and drugs that do not exist are of no value,” according to the chair of the National Academies of Sciences, Engineering and Medicine’s committee on drug pricing.  A report, “Making Medicines Affordable: A National Imperative,” identifies eight steps to cut drug prices. It also provides a list of specific “implementation actions” for various federal agencies, including Congress, the Federal Trade Commission and the U.S. Departments of Justice and Health and Human Services.  The recommendations come as Americans across the political spectrum say lowering the price of prescription drugs is a top priority. Yet, while individual states have passed laws for more transparency and price controls and the President has publicly called for lower drug prices, Congress has stalled.