a wise man once said, ``markets are more powerful than governments.'' Ronald Reagan believed in the power of a free market system. He believed that the market is a model for growth throughout the world. That is why I rise today in support of H.R. 2427, the Pharmaceutical Market Access Act. As a co-sponsor of this legislation, I believe this bill breaks open a market that currently does not exist. We live in a terrible anomaly where Americans continue to pay drug prices that are 30 to 300 percent more than in European and other industrialized nations. Over the next 10 years, seniors will spend $1.8 trillion on prescription drugs. That is a shocking statistic--one that will cause prescriptions to go unfilled because prices are too high in the United States. But, if seniors had access to world market drugs, they would save 35 percent, or $630 billion. We, as American consumers, have the power to knock down this unfair barrier to growth and freer access to pharmaceuticals. The Opponents of this legislation will tell you that this legislation will bring dangerous drugs into this country. They will tell you that it allows for faulty packaging and poor shipping conditions. They will tell you that this legislation forces American consumers to risk their own health. None of these claims are true.
Editor's note · Context
Speaking in support of the Pharmaceutical Market Access Act and addressing drug pricing issues.
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