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Senator Gillibrand Announces Plan to Slash Drug Prices

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Senator Gillibrand visited Central New York on Friday (April 29) at SUNY Upstate Medical University to announce her policy package to slash prescription drug prices. She urged congressional leadership to take action on reducing drugs.

“While our nation is recovering from the pandemic, drug prices remain unacceptably high, which puts a heavy financial burden on older adults and families in Syracuse and across the country,” said Senator Gillibrand, member of the Aging Committee. “I am releasing the ‘Gillibrand Prescription for Lower Drug Prices’ plan to provide a framework for slashing drug prices. From fighting price gouging to importing affordable drugs from Canada to enabling Medicare to negotiate drug prices, this plan will help us bring down costs for countless Americans.”

The main parts of the “Gillibrand Prescription for Lower Drug Prices” include:

Reimagine financial assistance for Medicare

Review brand-name price gouging

Empower Medicare to negotiate drug prices

Import lower-cost drugs from Canada

Expand subsidies to seniors living in U.S. territories

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