Legislation Would Also Safeguard U.S. Manufacturers’ Ability to Produce High-Quality Medicines Here
Suozzi Puts His Support Behind Bill
By Hank Russell
U.S. Representative Anthony Garbarino (R-Bayport) introduced a bill that he says would ensure that essential medications remain accessible and affordable for patients. It would also provide critical relief for small American manufacturers, safeguarding their ability to produce high-quality medications domestically. The legislation’s co-sponsors include Tom Suozzi (D-Glen Cove) and Diana Harshbarger (R-Tennessee).
“This legislation puts patients first by ensuring the affordability and accessibility of widely used medications,” Garbarino said. “It also reinforces our support for small businesses and American manufacturing, ensuring that U.S. companies remain competitive and resilient in the global market and ensuring that small, family-owned companies like Long Island’s Jerome Stevens Pharmaceuticals can continue their vital work.”
Specifically, this legislation would amend Title XVIII of the Social Security Act to exempt from the Medicare Part D Manufacturer Discount Program any orally administered medications like Levothyroxine Sodium — which is used to treat hyperthyroidism and one of the medications that Jerome Stevens produces — that was approved under a non-discolsure agreement pursuant to the FDA’s 1997 Federal Register Notice and has been granted a “narrow exception” by the Centers for Medicare and Medicaid Services under the Medicaid Drug Rebate Program (MDRP).
“This bipartisan legislation provides a commonsense fix to help a Long Island business provide 19 million American patients with an essential drug they need,” Suozzi said. “Hypertechnical language will hurt this company and these patients and they need a fair exception under Medicare. Let’s get it done.”
“As a lifelong pharmacist, I am dedicated to ensuring that Americans always have affordable access to the life-saving medications that they need,” Harshbarger added. “This bill addresses a critical oversight in the Inflation Reduction Act to help ensure that levothyroxine sodium — one of the most widely prescribed drugs in the United States and the only FDA-approved treatment for hypothyroidism—can continue to be produced domestically and remains accessible to the patients who depend on it. I’m proud to join my colleagues, Reps. Andrew Garbarino and Tom Suozzi, to introduce this important legislation.”
Jerome Stevens Pharmaceuticals (JSP), a small, family-owned American company of nearly 50 years based in Bohemia, is one such manufacturer that has found itself unduly burdened by the Medicare Part D Manufacturer Discount Program.
“Jerome Stevens applauds the introduction of legislation that will ensure that the 12 million Americans affected by hypothyroidism continue to have access to domestically manufactured Levothyroxine Sodium Tablets at an affordable price,” Daniel Akeson, the director of Jerome Stevens Pharmaceuticals, Inc., said.