As president of the United States and the chairman of the Health, Education, Labor, and Pensions Committee in the Senate, we have long been concerned about the outrageous prices that the pharmaceutical industry charges the American people for prescription drugs.

There is no rational reason why Americans, for decades, have been forced to pay, by far, the highest prices in the world for the prescription drugs they need.

There is no rational reason why, for decades, 1 out of 4 Americans have been unable to afford the medicine their doctors prescribe.

And it is most certainly not Americans’ patriotic duty to pay high drug prices at home so others abroad can enjoy the fair prices that every American is entitled to.

That’s why over the last several years, working together, we have made substantial progress.

As a result of the Inflation Reduction Act that passed Congress without a single Republican vote, seniors with diabetes are paying no more than $35 a month for insulin. Starting in January, no senior in America will pay over $2,000 a year for prescription drugs. And, for the first time in history, Medicare is now doing what every other major country does: Negotiate with the pharmaceutical companies to lower the price of some of the most expensive drugs in America.

This commonsense policy is one that the American public overwhelmingly agrees with, including more than 60% of Republicans.

By working with some of the largest drug companies in the world, we also have managed to lower the cost of inhalers that millions of Americans, with asthma and chronic obstructive pulmonary disease, need to breathe from as much as $645 down to just $35.

We are very........

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