Home Healthcare VA Senate Democrats Pass Legislation to Lower Prescription Drug Costs

VA Senate Democrats Pass Legislation to Lower Prescription Drug Costs

1882
5

From the VA Senate Democratic Caucus:

Senate Democrats Pass Legislation to Lower Prescription Drug Costs

Richmond, VA — Today Senate Democrats passed critical legislation to lower prescription drug costs, reaffirming their commitment to creating an economy that works for Virginia’s middle class, families, and businesses across the Commonwealth.

Senator Chap Petersen’s bill, S.B 957, passed the Senate today by a vote of 25-14. His bill will establish a Prescription Drug Affordability Board and Fund for the purpose of protecting Virginians from out-of-control prescription drug costs.

According to the AARP Americans pay more than three times what people in other countries pay for the same medicines. For example, between 2015 and 2020, the price of Revlimid, a prescription drug that treats forms of cancer went from $185,574/yr to $267,583/yr, Victoza a medicine that treats diabetes from $7,936/yr to $11,300/yr, and Spiriva Handihaler which treats asthma/COPD went from $3,886/yr to $5,289/yr.

“Everybody knows one of the biggest issues facing our seniors and really every Virginian, is out-of-control prescription drug costs,” said Senator Chap Petersen. “Today I am proud to see the Senate pass my legislation to reign in these skyrocketing costs. Through the Prescription Drug Affordability Board, we will now have the ability to protect our seniors, our taxpayers, and our citizens and bring costs down. I hope to see the House swiftly pass this legislation and deliver much needed relief to Virginians.”

********************************************************


Sign up for the Blue Virginia weekly newsletter

Previous articleRepublicans Double Down on Bill to Outlaw Abortion At Conception
Next articleSaturday News: “China rushes to cap damage over suspected spy balloon as Blinken delays trip”; “Job Growth Is a Boost for Biden as He Bets on a Lasting Turnaround”; “A ‘new Massive Resistance’ is the real political agenda in education”; “Gun-Nut GOP Lawmakers” Wear AR-15 Pins