Committee white paper outlines policy options under Medicare and Medicaid for bipartisan legislation
Washington, D.C.--U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Chair Ron Wyden (D-Oregon) announced their commitment to working on bipartisan health care legislation to prevent and mitigate shortages of critical generic drugs used by patients and providers in the United States.
In a white paper released today, Crapo and Wyden outline concerns raised by experts at a December 5, 2023 Finance Committee hearing, as well as areas of interest and ideas the Committee is exploring to address the factors contributing to shortages through modifications to the Medicare and Medicaid programs.
“The recent surge in prescription drug shortages is fueling costs and restricting Americans’ access to life-saving medications,” said Crapo. “The Finance Committee should build upon our strong track record of bipartisan, solutions-oriented policymaking to provide Idahoans and Americans nationwide with better, more cost-effective health care.”
“It is unacceptable that cancer patients and people suffering from chronic conditions in Oregon and across America are struggling to get lower cost, generic medication they need,” said Wyden. “Addressing the generic drug shortage crisis in Oregon and across America is urgent business, and Ranking Member Crapo and I are firmly committed to using the power of Medicaid and Medicare to do just that.”
The Committee is exploring the following areas for legislative development this year, as outlined in the white paper:
Read the white paper here.