Olympia Snowe: “I appreciate all of the Senator's leadership on this issue, but would the Senator agree it is so important for our…”

“I appreciate all of the Senator's leadership on this issue, but would the Senator agree it is so important for our colleagues to recognize the savings that would be realized for our American consumers? Their counterparts in other countries pay 35 to 55 percent less, so this is an enormous savings both in terms of the U.S. Government and the $50 billion the Senator has mentioned, but also more than $6 billion in direct savings to the Federal Government and to the U.S. budget. Not only do we save $50 billion, with $6.1 billion of that in savings to the U.S. budget according to the CBO, but we begin to address the fact that the American consumers are paying $87 billion more than counterparts in other countries. This is an enormous savings in all respects. Would the Senator not agree this also would advance those savings to American consumers but, as well, to our Government?”