PAWTUCKET – U.S. Congressman David N. Cicilline (RI-01)
hosted a community discussion today with Pawtucket seniors at the Leon A.
Mathieu Senior Center to talk about the introduction of the CREATES Act, his
bill to lower the cost of prescription drugs.
“While health care costs for Americans have continued to
increase over the past two years, President Trump and Congressional Republicans
have focused their efforts on kicking millions of Americans off their health
insurance and repealing the Affordable Care Act,” Cicilline said. “House
Democrats have made it their priority to increase access to quality, affordable
health care. That’s why I reintroduced the CREATES Act, my bipartisan
legislation to lower the cost of prescription drugs and make health care more
affordable for Rhode Islanders.”
H.R. 965, the The Creating and Restoring Equal Access to
Equivalent Samples (CREATES) Act was introduced by Cicilline, the Chairman of
the House Antitrust, Commercial and Administrative Law Subcommittee, and
cosponsored by Subcommittee Ranking Member Jim Sensenbrenner (WI-05), Judiciary
Committee Chairman Jerrold Nadler (NY-10), Ranking Member Doug Collins (GA-09),
Congressman Peter Welch (VT-AL), and Congressman David B. McKinley (WV-01). An
identical companion bill has been introduced in the Senate by Senators Leahy
(D-Vt.), Grassley (R-Iowa), Klobuchar (D-Minn.) and Lee (R-Utah).
The CREATES Act would lower drug prices by increasing
competition and making it easier for generic drugs to enter the marketplace,
preventing delay tactics by brand-drug companies that block the entry of
affordable generic drugs to the market, and providing the Food and Drug
Administration with more discretion and authority for court action to deter
abusive, anti-competitive practices by brand-drug companies.
The Congressional Budget Office has estimated that the
CREATES Act will result in a $3.9 billion net decrease in the federal deficit,
with savings to consumers and private insurers likely being far greater.