Washington, March 31 -- Congresswoman Doris Matsui issued the following press release:
Congresswoman Doris Matsui (D-CA) and Reps. Mariannette Miller-Meeks (R-IA), and Jake Auchincloss (D-MA) introduced the Ensuring Access to Lower-Cost Medicines for Seniors Act, bipartisan legislation to expand Medicare beneficiaries' access to more affordable prescription drugs.
Too often, insurance companies and pharmacy benefit managers (PBMs) are using pricing gimmicks to steer patients towards higher-cost drugs that increase the PBM's revenue. The bill would require Medicare Part D plans to place certain lower-cost generic drugs and biosimilars on more affordable formulary tiers than their higher-cost brand-name counterparts, and prevent plans from...