Republicans’ proposal to reinvest in American innovation of cures and treatments in the recently unveiled Commitment to America would bring back life saving medicines and lower-cost competition for Americans – the exact opposite of Democrats’ socialist drug pricing scheme.
FACT: Democrats’ socialist drug pricing scheme would raise costs, not lower them.
- The Congressional Budget Office (CBO) confirmed that Democrats’ socialists drug pricing scheme will increase launch prices for new treatments and raise insurance premiums, pushing new cures out of reach for many American patients.
FACT: Democrats’ proposal would destroy American innovation in lifesaving cures and treatments for patients.
- Loss of innovation means fewer treatments and cures. Experts find that Democrats’ price-fixing scheme would kill up to 342 cures, according to a study by the University of Chicago.
FACT: A study shows that we would have fewer therapies if Democrats’ scheme were in place during the last decade.
- A Vital Transformation study finds that if drug price controls under consideration in the Senate had been enacted during the last decade, only six of 110 currently approved therapies would have made it to patients.
- 104 treatments we have today would not have come to fruition under the Democrats’ cures-killing policies. Those cures touch a wide variety of diseases—cancer, depression, hypertension, and rheumatoid arthritis, to name a few—affecting hundreds of millions of Americans.