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Claims that drug price negotiation will devastate research are nothing but fearmongering—we've got to stop repeating Big Pharma’s talking points. Based on data from a survey of PhRMA’s own member companies, 1 in 3 dollars spent on drug research comes from American taxpayers.
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That’s why I introduced legislation to bring taxpayer dollars back to the people, which passed the House today as part of H.R. 3. My Freedom from Price Gouging Act recovers taxpayer dollars from Big Pharma when they try to hike their drug prices unnecessarily.
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That's also why I spoke against an amendment that would gut this important legislation allowing federal officials to negotiate better drug prices for the American people. Because without a way to truly hold drug companies accountable, nothing will change. The amendment failed.
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We still have more work to do. I am preparing legislation that will address additional causes of high drug prices and increase availability of lifesaving drugs for Orange County families and Americans across the country. Stay tuned.
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