FOR IMMEDIATE RELEASE
July 25th, 2018
Contact: Dylan Dusseault
Business Leaders Support Medicare Negotiation and Competitive Licensing Act
The Business Initiative for Health Policy (BIHP), a group of business owners, economists, former industry insiders, and health policy experts, expressed support for The Medicare Negotiation and Competitive Licensing Act. The legislation, introduced by Reps Lloyd Doggett, Elijah Cummings, and Peter Welch will be introduced with 60 House Co-sponsors. As Americans are paying twice the global average for life-saving drugs, the Trump Administration and Republican Congress have been unwilling or unable to control drug prices. Members of BIHP applauded the bill for its unique enforcement power, which will enable Medicare to reign in the monopoly power of large pharmaceutical companies.
Gabriel Levitt, the Founder of Prescription Justice, President of PharmacyChecker.com, and Advisor to BIHP said “Credit to Reps. Doggett, Welch, Cummings, and their colleagues for introducing tough and creative legislation that would allow for meaningful reductions in drug prices for Medicare beneficiaries.”
“This legislation has real teeth, and gives Medicare the ability to force powerful pharmaceutical companies to negotiate in good faith, and rein in their prices” said Richard Master, the Founder of BIHP and CEO of MCS Industries “Politicians who wants to show they are more interested in the well-being of their constituents than campaign dollars from big pharma should sign on”
For follow up, or to schedule an interview, please contact Dylan Dusseault at Dylan@businessinitiative.org or at 727-743-7809.
About the Business Initiative for Health Policy
Business Initiative for Health Policy (BIHP) is a public education and advocacy campaign led and advised by CEO’s, other business leaders, economists, former health industry insiders, and health policy experts. The goal of the Business Initiative is to advance health policy solutions that 1) ensure the on-going competitiveness of American business, 2) enhance economic growth and 3) provide full coverage for American citizens. Members of the Business Initiative for Health Policy believe that a healthy citizenry is a prerequisite to a stable and prosperous nation, and that the current structure of the health care and health care insurance industries is damaging American businesses and the economy.