David Schweikert: “This is one of those, the tyranny of the clock as we have talked about, 3 minutes. There are so many things here we…”

“This is one of those, the tyranny of the clock as we have talked about, 3 minutes. There are so many things here we agree upon about the rage we feel when we see the pricing mechanisms and those things. But there are so many things also being said here that are absolutely wrong, from what is happening in Big Pharma to the new biologics that are coming from the small research companies, that I believe, actually, H.R. 3 is going to do incredible violence to our society. Madam Chair, you have to understand. We are living in the time of miracles. There are cures coming that would not happen under H.R. 3. The single shot that cures hemophilia, one of most expensive diseases in our chronic population, that single shot is going to be outrageously expensive; but it is actually dramatically cheaper than just 3 or 4 years of living with the disease. Madam Chair, here is actually one of my incredible concerns. You do understand the pricing efficiency you are importing. This is a reference pricing bill. Madam Chair, what is a year of your life worth? Madam Chair, what is a year of your life worth if you are healthy? One year of healthy life, what is it worth to you, Madam Chair? Because, Madam Chair, if you are in Great Britain, it is $37,000. If the drug comes in at $37,001, it is not purchased. That is the efficiency you are about to import into our country. You are going to do this.…”