Political Quotes

“Mr. President, every day, I receive messages from Michigan families who are struggling to cope with rising costs for the things they depend on. We know that it has been challenging in a global pandemic with supply chains broken down and consolidation, but we also know that from food prices to household necessities to gas, corporate price gouging is also taking a big chunk out of Michigan wallets. And perhaps no industry has been price-gouging longer--actually for decades--more deeply than the pharmaceutical industry. Americans pay the highest prices in the world for prescription drugs--highest prices in the world--even though we are the ones who have invested so much partnering with the industry on new types of medications and innovations. We allow research and development tax credits to help pay for that cost. We support other efforts. The National Institutes of Health helps to pay for the basic research, hundreds of billions of dollars working with the industry. And yet we have the highest prices in the world--the highest prices in the world. And one in four Americans can't afford the medications they depend on. This is just not acceptable. It is just not acceptable. A senior with complex medical needs pays an average of more than $6,000 a year on prescription drugs. And the median price for a new prescription drug is $188,000 a year. That is 90 times the median price for a new drug just back in 2008.…”