Reducing Medicare prescription drug costs could save taxpayers more than $260 billion over 10 years, according to a reform plan that Senator Sherrod Brown (D-Ohio) described to the Record-Herald and other news outlets at a press conference Wednesday.

Brown outlined a three-point proposal to lower the cost of prescription drugs, which are subsidized for seniors enrolled in Medicare, to both reduce the financial burden on seniors and help address the nation’s growing debt problem.

“Everyone in Washington, as we know, is focused on fiscal issues,” said Brown. “I believe we can reform Medicare and Social Security to reduce the deficit without increasing the retirement age for Social Security and without cutting Medicare Benefits.”