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AHIP Statement For Senate HELP Committee Hearing On Prescription Drugs

posted by AHIP

on June 13, 2017

The Cost and Consequences of Rising Prescription Drug Prices

AHIP submitted this statement for the official record of a June 13 hearing in the Senate HELP Committee. Our statement focuses on: (1) the consequences out-of-control prescription drug prices have on consumers; (2) the actions health plans take to lower prescription drug costs, and how all consumers benefit from these savings through lower premiums and lower out-of-pocket costs; and (3) our recommendations for reducing prescription drug prices through market-based solutions that deliver real competition, create more consumer choice, and ensure that open and honest drug pricing is tied to the value delivered to patients.