On the recordJuly 17, 2002
I think it is being held up because it is not supported by the pharmaceutical industry. We know there are six drug company lobbyists for every Member of the Senate. It is clear they would prefer the House plan, which they helped to write. I would, once again, share with my colleagues a quote that was in the Washington Post when the House plan was passed: A senior House GOP leadership aide said that Republicans are working hard behind the scenes on behalf of PhRMA [the pharmaceutical lobby] to make sure that the party's prescription drug plan for the elderly suits drug companies. I believe the reason the bill is being held up is that, in fact, our prescription drug plan does not suit drug companies. Our prescription drug plan is written for the seniors and the disabled of America. Our plan for lowering prices through the generics bill and through other options, to increase competition, is to make sure that prices are lower for everybody.
Source
govinfo.gov




