Cicilline Discusses Legislation to Lower Prescription Drug Costs with Pawtucket Seniors

Wednesday, February 20, 2019

PAWTUCKET – U.S. Congressman David N. Cicilline (RI-01) hosted a community discussion today with Pawtucket seniors at the Leon A. Mathieu Senior Center to talk about the introduction of the CREATES Act, his bill to lower the cost of prescription drugs.

 

“While health care costs for Americans have continued to increase over the past two years, President Trump and Congressional Republicans have focused their efforts on kicking millions of Americans off their health insurance and repealing the Affordable Care Act,” Cicilline said. “House Democrats have made it their priority to increase access to quality, affordable health care. That’s why I reintroduced the CREATES Act, my bipartisan legislation to lower the cost of prescription drugs and make health care more affordable for Rhode Islanders.”

 

H.R. 965, the The Creating and Restoring Equal Access to Equivalent Samples (CREATES) Act was introduced by Cicilline, the Chairman of the House Antitrust, Commercial and Administrative Law Subcommittee, and cosponsored by Subcommittee Ranking Member Jim Sensenbrenner (WI-05), Judiciary Committee Chairman Jerrold Nadler (NY-10), Ranking Member Doug Collins (GA-09), Congressman Peter Welch (VT-AL), and Congressman David B. McKinley (WV-01). An identical companion bill has been introduced in the Senate by Senators Leahy (D-Vt.), Grassley (R-Iowa), Klobuchar (D-Minn.) and Lee (R-Utah).

 

The CREATES Act would lower drug prices by increasing competition and making it easier for generic drugs to enter the marketplace, preventing delay tactics by brand-drug companies that block the entry of affordable generic drugs to the market, and providing the Food and Drug Administration with more discretion and authority for court action to deter abusive, anti-competitive practices by brand-drug companies.

 

The Congressional Budget Office has estimated that the CREATES Act will result in a $3.9 billion net decrease in the federal deficit, with savings to consumers and private insurers likely being far greater.

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