Representatives Doug Collins (RGA) and Vicente Gonzalez (DTX) have introduced legislation to rein in the high cost of prescription drugs and support the needs of specialty pharmacy patients living with life altering and lifethreatening medical conditions. The Phair Pricing Act of 2017 ensures that medication savings are passed along to seniors at the pharmacy counter and not otherwise used to manipulate drug costs or disadvantage the specialty pharmacies serving these patients.
"The National Association of Specialty Pharmacy (NASP) is so grateful our plea to address specialty pharmacy patient needs has been answered with bipartisan support. Passing this legislation will be a victory for patients, specialty pharmacies, the Medicare program and ultimately taxpayers. High drug costs and anticompetitive business practices that threaten independent specialty pharmacy's ability to care for their patients risks lives and significantly drains Medicare resources. Barriers to access and affordability force some seniors to forgo the medications they need, resulting in life threatening consequences and increased Medicare costs through preventable hospitalizations and medical complications. We look forward to working with Representatives Collins and Gonzalez to pass this much needed and commonsense bill," said Sheila Arquette, NASP Executive Director.