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Washington, D.C. – Republican Leader Kevin McCarthy (CA-23) released the following statement on the introduction of H.R. 19, the Lower Costs, More Cures Act:

“As a Congress, we understand the urgent need to address the soaring prescription drug prices that have long burdened too many of our American families. It is well past time that we offer a practical solution that will actually lower costs while ensuring new cures can reach Americans fighting disease and illness. Today, Republicans introduced the Lower Costs, More Cures Act (H.R. 19) that achieves those two goals and has the greatest potential to become law this year.

“This bill would make medication more affordable for seniors by capping their out-of-pocket costs; increase the availability of generic and biosimilar drugs by prohibiting drug companies from delaying the start of their exclusivity period and allowing the FDA to speed up its approval process for applications; and provide greater price transparency by requiring insurance companies to make information about drug costs available in the doctor’s office before a prescription is written.

“And unlike other proposals, the Lower Costs, More Cures Act draws on ideas that have bipartisan and bicameral support.

“By contrast, Speaker Pelosi’s partisan plan, H.R. 3, would make our broken healthcare system worse by slashing the number of new drugs available to consumers. It could kill upwards of 100 new cures in the first ten years, according to recent reports.

“The best way to lower costs is certainly not to lose cures. Even the loss of one potential cure is one too many.

“Americans are interested in putting the best available ideas into action. They deserve solutions, not political posturing filled with empty promises. With the Lower Costs, More Cures Act, we have a serious solution that would give Americans greater peace-of-mind on their medical needs. Congress should pass it without delay.”

Background:

Yesterday on Sunday Morning Futures, Leader McCarthy addressed the contrast between H.R. 19 and H.R. 3: “Here are the Democrats, they have this bill to go out: it’s more government control, and fewer cures…My father died from cancer. I would have given anything for a cure for him. We have a bill coming forward…H.R. 19. Why? Because you can lower drug prices here in 2019…Everything in it is bipartisan.