“Soviet-Style” Drug Pricing Bill Opposed by Doctor Congressman
WASHINGTON, D.C.—Prescription drugs cost too much. Rep. Larry Bucshon (R-Ind.), says Democrats and Republicans agree on that. But, he voted against a bill called the Liwer Drug Costs Now Act.
That plan was written by Democrats and Bucshon, who’s a medical doctor, calls it Soviet-style legislation and a government takeover of the prescription drug business.
“We know this legislation will lead to fewer cures and treatments. Estimates show that anywhere from 8 to more than 100 new cures and treatments will be lost in the next decade alone. These are drugs that could cure Alzheimer’s, ALS, or even cancer.
If H.R. 3 – which is dead on arrival in the United States Senate and President Trump has said he will veto – were somehow to become law, we know this legislation will lead to fewer cures and treatments. https://t.co/ukOQnfKkhX pic.twitter.com/XgpYdvOXd3
— Larry Bucshon, MD (@RepLarryBucshon) December 12, 2019
The plan will likely fail in the Senate. But if it doesn’t, President Trump has promised to veto it.
Republicans are pushing The Lower Cost, More Cures Act, which puts a price cap on insulin, for some elderly people and a cap on out-of-pocket expenses for some seniors on Medicare.
The Republican-backed bill, which Bucshon claimed has bi-partisan support, would also “encourage innovation of groundbreaking new cures, promotes more low-cost options for patients, and curb how drug companies can game of the system”.
PHOTO: Chris Davis/Emmis