H.R. 3 is dangerous to America’s health

Dec. 12, 2019, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement blasting the passage of the H.R. 3 drug pricing bill:

“Speaker Nancy Pelosi’s drug pricing legislation is so onerous that if it became law it would virtually guarantee that next generation cures for Alzheimer’s, various cancers and other senior-related illnesses would be strangled in their research cradles. Somehow Pelosi believes that by making it cost more money to develop a cure than you can make selling that cure is a good thing. Let me be clear, it is not moral to strip the hope away from people suffering from Alzheimer’s or other prevalent diseases under the guise of cutting drug costs. It is cruel.

“This is not just hyperbole, but a simple fact. Research dollars will not flow toward unprofitable enterprises. Congress itself recognizes this through their orphan drug tax treatments designed to make it profitable to develop medicines for rare diseases, yet Pelosi’s H.R. 3 would make the drugs designed to address illnesses that are most prevalent be subjected to rate caps ensuring that they would be unprofitable. H.R. 3 is almost akin to a vendetta bill against an industry that the Democrats appear to pathologically hate, and should be rejected.”

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