Employers Applaud Advancement of the CREATES Act and Transparency Measures, View 2020 as a Transformational Year in Drug Pricing

For Immediate Release

Washington, DC – Employers’ Prescription for Affordable Drugs (EmployersRx) applauded Congress for including the Creating and Restoring Equal Access to Equivalent Samples (CREATES) Act and portions of the Biologic Patent Transparency Act in an omnibus government funding package announced this week. EmployersRx welcomed this legislation and encouraged lawmakers to continue negotiation on comprehensive, transformative legislation that can lower drug costs.

By passing bipartisan measures like the CREATES Act, Congress is signaling a willingness to use competition, value and transparency to bring down drug prices for employers and American families. While these provisions are certainly a step in the right direction, the Congressional efforts to lower drug prices are nowhere near complete–and EmployersRx will strongly advocate for passage of major drug cost reform in the health care legislation that Congress will develop early in 2020. The coalition looks forward to continued collaboration with Congressional leaders and innovative employers to achieve actionable, large-scale relief on prescription drug prices for millions of Americans.

The inclusion of the CREATES Act in the year-end government funding package will ensure that generic manufacturers have access to proper samples of brand name drugs, a critical step to complete FDA testing. The CREATES Act was passed by the House in May of 2019, and previously passed in the Senate Judiciary Committee in June of 2018.

The omnibus legislation also includes key provisions of the Biologic Patent Transparency Act, which requires public disclosure of the web of patents that protect branded biologics. These measures would encourage competition by cracking down on late-filed patents and codifying requirements that the U.S. Food and Drug Administration regularly publish vital information in its “Purple Book” of approved biologics.

To learn more about EmployersRx and view our policy platform of transparency, competition and value, visit EmployersRx.org.

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All media inquiries to The ERISA Industry Committee should be directed to:

Kelly Broadway, 202.627.1918, kbroadway@eric.org

About the ERISA Industry Committee
ERIC helps America’s largest employers stay ahead of employee benefit policy. ERIC member companies are leaders in every sector of the economy, and we represent them in their capacity as sponsors of employee benefit plans for their own workforce. Only ERIC provides the combination of intel, expertise, collaboration, and lobbying that exclusively serves the interests of large employers who provide health, retirement, and compensation benefits to their nationwide workforce.