For Immediate Release

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Democrats Must Pass H.R. 3 and Reinvest the Savings into Medicare

WASHINGTON - The following is a statement from Alex Lawson, Executive Director of Social Security Works, on the reintroduction of H.R. 3, the Lower Drug Costs Now Act:

“The Lower Drug Costs Now Act is an important first step towards taking on Big Pharma’s greed and lowering drug prices for everyone in America. It will also save the government upwards of $450 billion in savings over the next 10 years.

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President Biden should strengthen the bill and include it in his forthcoming American Families Plan. Furthermore, he should reinvest the savings into Medicare by lowering the eligibility age and adding vision, hearing, and dental benefits.

Not only is lowering drug prices a moral necessity, it’s also a political no-brainer. Democratic, Republican, and independent voters all overwhelmingly support bold action to lower drug prices. The White House and Congressional Democrats need to listen. Failing to do so would be a huge gift to Mitch McConnell and Kevin McCarthy.”

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The mission of Social Security Works is to: Protect and improve the economic security of disadvantaged and at-risk populations; Safeguard the economic security of those dependent, now or in the future, on Social Security; and Maintain Social Security as a vehicle of social justice.

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