Energy and Commerce Committee Chairman Frank Pallone, Jr. (D-NJ) and Ways & Means Committee Chairman Richard Neal (D-MA) issued the following joint statement today on the Trump Administration’s proposed rule to overhaul the current rebate system:
“The Trump Administration’s rebate proposal will increase government spending by nearly $200 billion and the majority of Medicare beneficiaries will see their premiums and total out-of-pocket costs increase if this proposal is finalized. While we agree that the cost of prescription drugs must be addressed, we are concerned that this is not the right approach."
