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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.

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 care.   "Unfortunately, we have all ...

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 give them ...

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 small businesses, and ...

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 fund included in the ...

Wenstrup: Democrats’ So-Called “Inflation Reduction Act” Robs Americans of Lifesaving Cures

November 07, 2022 — 'Inflation Reduction Act'

“The Inflation Reduction Act will wipe out nearly a third of the current annual spending on cancer research and development, leading to fewer new cures and discouraging innovation and investment in an industry that relies heavily on private sector funding,” writes Ways and Means Member and co-chair of the GOP Doctors Caucus Rep. Brad Wenstrup (R-OH) ...

Murphy: Republicans Will Hold Government Accountable

October 19, 2022 — 'Inflation Reduction Act'

“Starting on day one of a Republican majority, we will work tirelessly to deliver an economy that’s strong, a country that’s safe, a future that’s built on freedom, and a government that’s accountable — that’s our Commitment to America,” writes Ways and Means Member Rep. Greg Murphy (R-NC) in

Core Inflation Hits Highest In Biden Presidency

October 13, 2022 — 'Inflation Reduction Act'

After the Bureau of Labor Statistics reported in its September Consumer Price Index (CPI) that core inflation rose higher than expectations and to a new 40-year high, at 6.6 percent from the previous year – Ways and Means Republican Leader Rep. Kevin Brady (R-TX) issued the following statement: “This is terrible news for seniors and working ...