U.S. Sens. Mark Warner (D-VA) and Cory Booker (D-NJ) have introduced legislation to reduce prescription drug costs for children, while bringing in savings for states.

The Fair Drug Prices for Kids Act would give states the ability to purchase prescription drugs at the lowest price possible, lowering the cost of prescription drugs for children and saving state dollars.

“This commonsense legislation will improve health care for our nation’s children by allowing states that have standalone Children’s Health Insurance Programs get the same prescription drug discounts as traditional State Medicaid programs,” said Sen. Warner. “There’s no reason we should pay more for the drugs our kids depend on. This bill will fix that and improve care for the more than four million children nationally enrolled in a standalone CHIP program.”

“Health care – including access to affordable prescriptions drugs – is a fundamental right, but skyrocketing prescription drug prices drive up costs and threaten to limit access to coverage and care, including for our nation’s children,” said Sen. Booker. “Our bill will make important changes to bring down prescription drug costs for standalone CHIP programs, therefore strengthening these programs for the families who rely on them.”