In this testimony before the U.S. House of Representatives Energy and Commerce Committee on May 21, 2019, Frederick Isasi, Executive Director of Families USA, breaks down the problem with high drug prices and potential solutions under consideration by the committee. While high drug prices are a source of seemingly constant debate in Washington, D.C., for millions of America’s families, they are a painful and burdensome reality and can impact the basic necessities of life.
The Latest from Families USA
For the second time in less than a month, the Trump administration has proposed obscure bureaucratic formula changes that will raise health care costs for 8.2 million people who buy private insurance using federal premium tax credits (PTCs). The latest move changes the definition of inflation that affects the federal poverty level (FPL), which is used to determine eligibility for many need-based programs.