Chairwoman Maloney to Hold Hearing Examining Findings of Committee’s Landmark Drug Pricing Investigation
Washington, D.C. (December 3, 2021)— On Thursday, December 9, 2021, at 10:30 a.m., Rep. Carolyn B. Maloney, the Chairwoman of the Committee on Oversight and Reform, will hold a hearing to examine the findings from the Committee’s nearly three-year investigation into pharmaceutical pricing and business practices.
On January 14, 2019, the late Chairman Elijah E. Cummings launched the Committee’s historic investigation into the pricing practices of drug companies that sell some of the costliest medications for patients, Medicare, and taxpayers. Since then, the Committee has released eight staff reports with findings from the Committee’s investigation, including six reports detailing the pricing and business practices of the companies AbbVie Inc., Amgen Inc., Celgene Corporation, Mallinckrodt Pharmaceuticals, Novartis Pharmaceuticals Corporation, and Teva Pharmaceuticals Industries Ltd. The Committee has also held five hearings with drug company executives, health policy experts, patients, and other stakeholders.
The December 9 hearing will examine findings from the investigation as well as the need for structural reforms to lower prescription drug prices, including President Biden’s Build Back Better Act, which would finally allow Medicare to negotiate for some of the most expensive drugs, prevent drug prices from rising faster than inflation, and place a cap on out-of-pocket costs for patients, including co-pay caps on insulin.
WHAT:
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Full Committee hearing entitled, “Unsustainable Drug Prices: Findings from the Committee’s Drug Pricing Investigation and the Need for Structural Reforms”
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WHEN: |
Thursday, December 9, 2021, at 10:30 a.m. ET
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WHO:
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Mindy Salango Patient Advocate with Type 1 Diabetes Morgantown, West Virginia
Dr. Reshma Ramachandran Physician-Fellow, Yale National Clinician Scholars Program Co-Chair, Doctors for America Drug Affordability Action Team
Rena Conti, PhD Associate Professor, Department of Markets, Public Policy, and Law Questrom School of Business Boston University
David Mitchell President and Founder Patients for Affordable Drugs
Additional Witnesses to be Announced
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WATCH: |
A livestream will be available on YouTube and the Committee on Oversight and Reform website. |
MEDIA
Per the Office of the Attending Physician’s guidelines, and in consultation with the Architect of the Capitol, the Chief Administrative Officer, the Sergeant at Arms, and the Committee on House Administration, the hearing room has been reconfigured to provide for social distancing. In light of current guidance from CDC and OAP, media must comply with the Committee’s COVID guidelines, including by continuing to wear masks at all times, regardless of vaccination status.
Seating in the hearing room is extremely limited and as a result, credentialed media must RSVP to their respective Press Gallery no later than 5 p.m. ET on December 8, 2021.
For more information, please contact the Gallery:
House Radio/TV Gallery: Ryan.Dahl@mail.house.gov 202-225-5214
House Periodical Gallery: periodical.press@mail.house.gov 202-225-2941
House Daily Press Gallery: dailypressgallery@mail.house.gov 202-225-3945
Photographer Gallery: Press_Photo@saa.senate.gov 202-224-6548
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