AARP Supports Landsman Bill to Lower Seniors’ Prescription Drug Costs

Cincinnati, OH – Today, Congressman Greg Landsman (D-OH-01) announced the American Association of Retired Persons (AARP) has come out in support of his bipartisan legislation to help lower seniors’ prescription drug costs:

AARP has offered its support for Congressman Landsman and Congresswoman Diana Harshbarger’s (R-TN-01) H.R.5385 – the Medicare PBM Accountability Act – bipartisan legislation to help lower the costs of prescription drugs for seniors covered by Medicare Part D and Medicare Advantage plans.

In September 2023, Congressman Landsman and Congresswoman Harshbarger introduced the Medicare PBM Accountability Act to require Pharmacy Benefit Managers (PBMs) that work with Medicare to secure price concessions on prescription drugs to report those cost savings, so that seniors are in a stronger position to benefit from those cost savings instead of them potentially being kept as profits by PBMs. In December 2023, the Medicare PBM Accountability Act passed unanimously out of the House Energy and Committee with bipartisan support.

AARP:

“AARP, which advocates for the more than 100 million Americans age 50 and over, is pleased to support the Medicare PBM Accountability Act (H.R. 5385), as approved by the full Energy and Commerce Committee. We applaud your bipartisan efforts to address practices in the prescription drug market that can contribute to high prices for consumers and taxpayers. . . This increased transparency and accountability will help inform other efforts to lower costs for consumers and taxpayers.”

Congressman Landsman:

“To lower costs and improve seniors’ quality of life, we have to hold PBMs accountable, and I am grateful for AARP’s support. Our legislation will save seniors real money, and Congress must come together to get this done.”

The full letter from AARP supporting the Medicare PBM Accountability Act can be found here.

###