Democrats' Drug Price Control Scheme Archives - House Committee on Ways and Means

Democrats' Drug Price Control Scheme

Democrats’ price-fixing scheme will kill up to 342 cures over the next two decades, according to a study done by the University of Chicago.

If the Democrats’ price control system had been in place last decade, only six of 110 currently approved therapies would have made it to patients.

Although the Biden Administration has asserted that working towards ending cancer is a priority, Democrats’ proposal surrenders in the fight against cancer and will lead to more cancer deaths by killing investment into development of lower-cost cancer treatments.

Fact Sheet: Democrats’ Drug Price-Setting Scheme Dismantles Medicare’s Promise, Undermines Seniors’ Health

August 29, 2023 — 'Inflation Reduction Act'

The Biden Administration has announced the first 10 medications under its new Medicare price-setting plan for prescription drugs that was established by the Democrats’ so-called “Inflation Reduction Act.” This new regime to impose price-controls set by Washington bureaucrats is an unworkable, ...

Health Subcommittee Chairman Buchanan: Hearing on Examining Policies that Inhibit Innovation and Patient Access

May 10, 2023 — Democrats' Drug Price Control Scheme

As prepared for delivery. "Thank you all for being with us. Today’s hearing will focus on innovation and some of the biggest roadblocks. "We can all agree that America is the global leader of innovation, and the government should do everything it can to foster an environment that promotes greater innovation and patient access to innovative ...

Chairman Smith Opening Statement: Hearing on Examining Policies that Inhibit Innovation and Patient Access

May 10, 2023 — Democrats' Drug Price Control Scheme

As prepared for delivery. "Chairman Buchanan, Ranking Member Doggett – thank you for the opportunity to share a few thoughts on how current White House policies are threatening medical innovation and patient access to care. "Across America, millions of patients are anxiously hoping for new breakthrough cures and devices that will improve their quality of life, or even ...

Biden’s Budget on Health Care: Medicare Cuts, Fewer Cures, Higher Drug Prices, and More Government Control.

March 10, 2023 — 'Inflation Reduction Act'

WASHINGTON, DC – President Biden’s budget puts patients and cures last while expanding Washington command and control over America’s health care economy. This budget ignores looming cuts to Medicare, doubles down on Democrats’ harmful cures-limiting plans, expands government-controlled health care, imposes hundreds of billions in new taxes on ...

Congressional Republicans Push for Transparency, Accountability of Drug Price-Setting Fund

February 23, 2023 — 'Inflation Reduction Act'

WASHINGTON, D.C. - House Ways and Means Chairman Jason Smith (MO-08), U.S. Senator Mike Crapo (R-ID), Ranking Member of the Senate Finance Committee, and House Energy and Commerce Chair Cathy McMorris Rodgers (WA-05) are requesting detailed information from top government health officials regarding the $3 billion drug price-setting implementation ...