Urging Congress to pass “Share the Savings” legislation.
Impact
The resolution supports the already enacted 'Share the Savings' law in West Virginia, which is designed to enhance consumer protections at the state level. However, it raises the issue that similar protections for seniors on Medicare can only be addressed at the federal level. The push for congressional action is significant as it reflects the concern that without these protections, West Virginia seniors will continue to face challenges in accessing affordable medications, thus highlighting the importance of federal action to mirror state-level successes in drug price reduction.
Summary
House Concurrent Resolution 101 (HCR101) urges Congress to pass the 'Share the Savings' legislation aimed at improving the affordability of prescription drugs for West Virginia residents, particularly those enrolled in Medicare. The resolution highlights the pressing concern of high retail drug prices affecting many West Virginians, particularly those who depend on affordable medications for their health and well-being. It notes that West Virginia was the first state to implement a law requiring pharmacy benefit managers and health insurers to directly pass negotiated discounts and rebates to patients, effectively lowering costs for commercial insurance holders.
Sentiment
The sentiment around HCR101 appears to be supportive among West Virginia legislators, who recognize the innovative solution the state has enacted. There is a sense of urgency to advocate for extended protections at the federal level, reflecting a commitment to safeguard the health of elderly residents who rely heavily on prescription medications. The resolution has garnered recognition from various national organizations, indicating broad support at both the state and national levels for similar legislative efforts.
Contention
A notable point of contention is the delayed action by the U.S. Senate regarding the regulatory and legislative measures that would lower drug prices at the pharmacy counter. This delay is particularly concerning for state officials who seek to extend the benefits of the 'Share the Savings' law to seniors using Medicare. The resolution thus emphasizes the gap between state legislation that succeeds in lowering costs and the federal limitations that prevent comprehensive protections for all residents, particularly the most vulnerable populations.
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