She believes the federal government should use its considerable buying power to negotiate for Medicare patients.
Use the federal government's buying power to negotiate lower prescription drug prices for Medicare patients.
Occurrences
Evidence
Pingree said she was "working to change the way Medicare buys prescription drugs" and called it "crazy" that Medicare was not allowed to negotiate a better deal. The release says she co-sponsored H.R. 684, which would require the Secretary of Health and Human Services to negotiate the purchase price of covered Part D drugs with pharmaceutical manufacturers.
Roll Call 420 records the House vote on H.R. 5376, the Inflation Reduction Act of 2022, which passed 220-207 on the motion to concur in the Senate amendment. Pingree was a member of the House at the time and voted in favor of the measure.
Pingree wrote that she had been pursuing Medicare drug price negotiation for decades and said the Inflation Reduction Act's provision allowing Medicare to negotiate drug prices was monumental. The page describes the law as the first time Medicare is empowered to negotiate prescription drug prices and says it will lower drug costs.
CMS said that, for the first time in history, Medicare will have the ability to negotiate lower prescription drug prices because of the Inflation Reduction Act. The guidance launched implementation of the Medicare Drug Price Negotiation Program for 2026.
CMS announced the first negotiated prices under the Medicare Drug Price Negotiation Program and said projected savings for people with Medicare Part D coverage would be about $1.5 billion when the prices take effect in 2026.
Assessments
The promise was fulfilled because the Inflation Reduction Act created Medicare authority to negotiate prescription drug prices, Pingree voted for that enacted law, and CMS subsequently implemented the Medicare Drug Price Negotiation Program with the first negotiated prices announced in 2024 for effect in 2026. This matches the promised outcome of using federal buying power to negotiate lower prescription drug prices for Medicare patients.