Porker of the Month: House Speaker Nancy Pelosi
House Speaker Nancy Pelosi Representative (CA-12) Porker of the Month - Oct. 2019 |
Speaker Pelosi claims H.R. 3, her Lower Drug Costs Now Act, “will lower the cost of healthcare” by giving government the power to “negotiate” drug prices. In truth, the bill would give broad power to the Health and Human Services Secretary to negotiate prices of as many as 250 drugs that lack price competition in Medicare and the private healthcare market.
The bill also adopts foreign price controls by setting prices for cutting edge drugs based upon what other countries pay for them. If a drug company does not accept the government’s price, it will be taxed up to 95 percent on those medicines. This is not “negotiation,” it is extortion.
CAGW President Tom Schatz said, “Instead of lowering the cost of healthcare, Speaker Pelosi’s drug pricing bill would impose some of the most onerous mandates ever contemplated on any industry. Foreign countries’ price controls have devastated their drug research.
H.R. 3 will also destroy American biopharmaceutical development of innovative medicines that are tackling serious diseases like Alzheimer’s, cancer, diabetes and Parkinson’s disease. Speaker Pelosi’s partisan bill developed behind closed doors is government intervention on steroids and espouses the socialist view that big government knows better and should control every industry. American patients should be outraged that Speaker Pelosi is putting American innovation and the entire healthcare system at risk by implementing to price controls. H.R. 3 is the wrong prescription to lower drug costs and must be rejected.”
Citizens Against Government Waste (CAGW) is a nonpartisan, nonprofit organization dedicated to eliminating waste, fraud, abuse, and mismanagement in government. Porker of the Month is a dubious honor given to lawmakers, government officials, and political candidates who have shown a blatant disregard for the interests of taxpayers.
Tags: Citizens Against Government Waste, CAGW, porker of the month, , October 2019, House Speaker, Nancy Pelosi To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service and "Like" Facebook Page - Thanks!
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