Small business group: Congress takes step forward with agreement aimed at lowering prescription drug costs



Conan Knoll
(831) 524-6764

Jared Thompson
(260) 797-2530

Statement by Anne Zimmerman, co-chair of Small Business for America’s Future and founder and owner of Zimmerman & Co. CPAs about today’s agreement on a policy aimed at lowering prescription drug prices
Washington, D.C., Nov. 2, 2021—Today’s agreement in Congress on legislation aimed at lowering prescription drug prices is a victory for small business owners, who repeatedly list the cost of healthcare and prescription drugs as their top policy priority and want Congress to create a more affordable drug market.
In a national survey of more than 1,000 small business owners released today by Small Business for America’s Future, small business owners said lowering healthcare and prescription drug costs is their top priority, with 73% saying it was important to their business. Small business owners also made clear that they are prepared to take this priority with them to the ballot box next fall, with 83% saying lawmakers’ support of allowing Medicare to negotiate drug prices will be important to their vote in the 2022 midterm elections — including 58% saying it is very important.
This agreement will contribute to a healthier and more productive workforce. Lowering drug prices means that workers can spend their time focusing on working and not how they’re going to pay for rising drug costs.
While this agreement is a step in the right direction, small business owners want the administration and Congress to continue to work to bring down healthcare costs. That same Small Business For America’s Future survey found that 45% of small business owners are concerned the administration and Congress will not go far enough to combat rising drug prices and just 25% worry they will go too far in their efforts.
Small business owners are the backbone of the nation’s economy–driving economic growth and job creation. We applaud Congress and the administration’s commitment to tackling rising prescription drug costs. Lowering prescription drug costs will allow small business owners to spend more on expanding their business and rebuilding Main Street from the effects of the pandemic.
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