Why did a majority of Members of this Committee invite these three pharmaceutical CEOs to testify today?

One out of four of our people go to the doctor, get a prescription, and they cannot afford to fill that prescription.

82 percent of Americans say the cost of prescription drugs is too high and 73 percent say that the Government is not doing enough to regulate drug prices.

the cost of prescription drugs in this country is putting an enormous burden on taxpayers and seniors by raising the cost of Medicare and Medicaid.

Adam Smith hated monopolies. It was the No. 1 thing he hated the most, monopolies.

Over the past 25 years, the pharmaceutical industry... spent over $8.5 billion on lobbying and more than $745 million on campaign contributions.

Yes, we believe in competition, and we really believe in competition.

I rise this morning to share the story of Amiram Cooper. Amiram is 85, a husband, a father, a grandfather of nine, a composer, and a poet. His love for the arts and writing inspires everyone around him. On October 7, he was 1 of more than…

10 of the top pharmaceutical companies in America made over $110 billion in profits in 2022.

I thank the gentleman from Utah, Vice Chairman Moore, for yielding and for claiming the time this morning to discuss these important issues facing our Nation. Madam Speaker, let me be clear. The President has the existing authority to…

Americans are forced to pay higher and higher prices for the drugs they need to survive.

the need to substantially lower the outrageous price of prescription drugs in this country.

The U.S. Government does not regulate drug companies. With very few exceptions, the drug companies regulate the U.S. Government.

Let us be clear, in 2022, Johnson & Johnson made nearly $18 billion in profit.

Let's be clear, Johnson & Johnson, Merck, and Bristol-Myers Squibb are not just charging higher prices in the United States compared to other countries.

I am especially impressed by the Pfizer drug company--Pfizer is not here this morning contributing $1 million to the Republican Party in Kentucky to expand its headquarters named after Republican leader Mitch McConnell.

Thank you for holding this important and timely hearing and offer our appreciation for lifting up the reality of high drug costs in the United States.

The overwhelming beneficiary of these high drug prices is the pharmaceutical industry.