WASHINGTON, July 29 -- The House Budget Committee issued the following press release:
WASHINGTON, D.C.-Today, House Budget Committee Chairman Jodey Arrington (R-Texas), House Energy and Commerce Committee Chairman Brett Guthrie (R-Ky.), and House Ways and Means Committee Chairman Jason Smith (R-Mo.) reacted to the Congressional Budget Office's (CBO) letter responding to the chairmen's May 2026 letter regarding CBO's dramatic upward revision of Medicare Part D cost in the Budget and Economic Outlook: 2026 to 2036.
House Budget Chairman Jodey Arrington:
"The Congressional Budget Office's (CBO) new analysis confirms what Republicans sounded the alarm on for years: The drug pricing scheme in the Inflation Reduction Act (IRA) fails to deliver...