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NRLN discusses Need to Reduce Prescription Drug Prices /Episode 8

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We are committed to keeping you informed about your retiree benefits, pension funds, medical and drug costs and the truth about Medical Advantage Plans. This column features a current topic on these issues. (click here for previous FORUM articles )

Podcast on Need to Reduce Prescription Drug Prices

The NRLN has published podcast Episode #8, the first production when I have hosted a guest. Joining me for the dialogue was Ed Beltram, NRLN Vice President – Communications, who has researched and written the NRLN whitepaper: Congress and President Must Act to Reduce Price of Prescription Drugs Talk Is Cheap – Drugs Are Not!

Episode 8 is available at the top of this page in the middle of the header.

Ed and I discussed that for all the bipartisan talk on drug prices by members of Congress, there has been little done in the way of legislation to stem the increases in prescription drug prices and lower out-of-pocket costs. The 64 million Americans on Medicare are caught in the terrible perfect storm of prescription drug price gouging. They are taking more expensive medications while living on fixed incomes. Even with their Medicare Part D prescription drug plan they are paying substantial out-of-pocket costs. This means that they especially feel the pain of pharmaceutical companies’ relentless price increases.

We cited the bills in Congress that the NRLN has lobbied for that would remove the prohibition on Medicare negotiating drug prices; end pay-for-delay a tactics that obstructs generic drugs from coming to market, and allow importation of less expensive drugs from Canada.

We also discuss the executive orders that President Trump has issued that his Administration believes would reduce the cost of prescription drugs.

With only a few days remaining in the 116th Congress (2019 and 2020), the prescription drug bills that the NRLN has supported will not be passed. However, we will lobby for reintroduction of the key bills early in the 117th Congress (2021 and 2022) that begins on January 3, 2021.

Remember, Seniors are Special!

Bill Kadereit, President
National Retiree Legislative Network



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money How much did your U.S. Representatives and Senators take as campaign contributions from the Pharmaceutical and Health Products Industry for their recent election campaigns and the current 2019-20 one? Could this be a reason why bills to reduce the price of prescription drugs are not being passed? Click here to see data that the NRLN has compiled from OpenSecrets.Org, Center for Responsive Politics. All Senators and Representatives are now shown by state and amount for ease of reviewing your state's delegation.


report card NRLN Provides New “Report Card” Feature on Members of Congress

The Final 116th Congress Report Cards have been issued by state delegation. Take a look to see how your's did.

Do your Senators or Representative support bills that help retirees? Check it out here!

Tell Your Senators Amending Section 420 Transfer Rule Is Win-Win

The Senate has a unique opportunity to take a win-win action with the COVID-19 legislation. Click here for the NRLN Action Alert to urge your Senators to protect the healthcare and life insurance benefits for single employer defined benefit pension participants by adopting the NRLN’s proposed amendment to the Employee Retirement Income Security Act (ERISA) and Internal Revenue Code (IRC) Section 420.


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CBS Video Addresses Questions on Coronavirus Vaccine

Dr. David B. Agus, professor of medicine at the University of Southern California and medical contributor to CBS News, answers questions in a CBS video about the coronavirus vaccine. Click here to access the CBS video. The NRLN is not offering the video for medical advice but thought the video offers coverage that relates to a wide variety of possible situations and questions many of us may have. Consult with your physician and other sources about specific questions as more information develops.


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For example, the white paper on Protecting Pension Assets which is used to educate members of Congress on the need for legislation to prevent pension plan sponsors from using plan assets for non-pension expenses was funded by AREF.. Access the white paper here.

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NRLN members are saving big with the Free Health Savings Rx Card℠

The NRLN has arranged to offer you a Health Savings Rx Card™, at NO COST, that offers you and your family savings on prescription drugs, plus vision and hearing services and products.Click here to access the Rx Savings Card℠ website.


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The articles and opinion pieces below are for information and are not necessarily a reflection of the NRLN’s position on issues. The NRLN is nonpartisan and its positions on retirement issues are presented in its Legislative Agenda and white papers that can be accessed from the Legislative Agenda tab.

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