Senator James Lankford
@senatorlankford·23.4K subscribers·1.6K videos
Lankford Discusses the Need To Lower Drug Prices
Posted
March 16, 2022
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81
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March 16, 2022
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Mar 16, 20225:28Now PlayingOn Wednesday, March 16, 2022 Senator James Lankford (R-OK) pressed for answers on behalf of Oklahoma seniors on why drug prices remain high, especially as President Biden’s 7.5-percent inflation and rising gas prices are now hitting seniors’ pocketbooks faster and faster. In a Senate Finance Committee hearing entitled, “Prescription Drug Price Inflation: An Urgent Need to Lower Drug Prices in Medicare,” Lankford asked national leaders in drug price policy how we can address issues with increased costs passed to consumers from the pharmaceutical companies, through pharmacy benefit managers (PBMs), through insurance companies, down to local pharmacies. Lankford discussed how to make sure generic drugs actually offer consumers lower prices, instead of their prices being artificially increased by being “placed” on the same price tier as brand name drugs by the PBMs.
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