'We want to know why there are Americans who are dying, or are becoming much sicker than they should, because they can't afford the medicine they need,' said SenSanders.
Only federal legislation of this sort can "put an end to decades of price gouging that has led to preventable suffering and costs the lives of people with diabetes who need insulin to live," Knievel emphasized.
If Novo Nordisk can lower the price of Novolog by 75%, why is it still charging Americans with diabetes $12,000 for Ozempic when the exact same drug can be purchased for just $2,000 in Canada? "We want to know why there are Americans who are dying, or are becoming much sicker than they should, because they can't afford the medicine they need," he continued.
"They will also have to explain how as an entire industry pharma spent $8.5 billion on lobbying and over $745 million on campaign contributions over the past 25 years to get Congress to do its bidding," Sanders added. "Unbelievably, last year, drug companies hired over 1,700 lobbyists including the former congressional leaders of both major political parties—that's over three pharmaceutical industry lobbyists for every member of Congress.
"In other words, Americans die, get sicker than they should, and go bankrupt because they cannot afford the outrageous cost of prescription drugs, while the drug companies and the PBMs make huge profits," Sanders lamented. "That has got to change and this committee is going to do everything possible to bring about that change."
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