In Bipartisan Push, Hawley & Welch Introduce Major Legislation to Lower Prescription Drug Prices

For information about Senator Hawley’s new RECA law to compensate Missourians,click here.
Monday, May 05, 2025
Today U.S. Senator Josh Hawley (R-Mo.) and Senator Peter Welch (D-Vt.)introducedlegislation to lower the cost of drug prices for Americans. TheFair Prescription Drug Prices for Americans Actwouldoffer relieffor millions of patients while ensuring Americans are no longer financing lower drug costs for foreigners.This legislation would correct decades of policies that benefited pharmaceutical companies but left American patients holding the bag. While other developed nations pay reasonable prices for prescription drugs, Americans pay substantially higher prices for the same medications. In his first term, President Trump pursued “international price index” and “most favored nation” policies on drugs covered by Medicare to end these practices.“For too long, Americans have subsidized prescription drug costs for foreigners while paying outrageous prices for their own medications,”Senator Hawley said.“President Trump previously advanced major reforms to ensure that American patients pay the same prices as consumers abroad. This bipartisan legislation would continue that work to end a drug market that favors Big Pharma, make prescriptions affordable again, and empower Americans to get the care they need.”“No one should ever be forced to choose between paying for the prescriptions they need or putting food on the table. But Big Pharma’s price gouging has made that a reality for many Americans, forcing them to pay four or five times more for the same lifesaving medications as folks in other countries—it’s unacceptable,”said Senator Welch.“In his first term, President Trump pursued a most-favored nation policy to level the playing field for American patients. I’m glad to partner with Senator Hawley on this bipartisan bill that offers the administration a template to work with Congress to make that goal a reality. We have an obligation to ensure folks in Vermont, Missouri, and across the country get the best possible price for their prescription drugs.”
TheFair Prescription Drug Prices for Americans Actwould:
Clickherefor full text of the bill.

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