On the recordFebruary 9, 2022
our Nation's seniors deserve meaningful solutions that increase prescription drug access and affordability. This bill, unfortunately, would double down on the deepest flaws in our current healthcare system and usher in a host of new problems from fewer treatments to more bureaucracy. And, yes, it is almost certain under this legislation we would see launch prices for new drugs actually increase. The solution is not to go and double down on a failed socialist theory of price-fixing and work to make our market better. Even setting aside the overwhelming implementation challenges and technical issues that this legislation would present from the outset, the provisions included would do far more harm than good, particularly for the very older Americans they are intended to help. I would note from the outset there is talk about wanting to have process and a vote. This legislation was just introduced today. It just got a bill number today. There has been no vetting of this legislation in the committee, which is the regular order of this Senate. There has been no public analysis. There has been no public review. There has not been any hearing on this legislation. There has been not any negotiation on this legislation. I heard numbers thrown out here about what a savings this would be. CBO has not scored this legislation, and there are serious flaws with it.…





