Political Quotes

Robert Torricelli: “Under the amendment I am going to offer to this legislation in the coming days, as certainly as pharmaceutical companies…”

On the recordJuly 18, 2002
Under the amendment I am going to offer to this legislation in the coming days, as certainly as pharmaceutical companies will have to disclose any gifts they are giving, any incentives they are giving to doctors to influence their medical judgments, so, too, pharmaceutical manufacturers will have to disclose any rebates given to PBMs so the clients of the PBMs know what they are getting and can demand that those rebates be handed down to senior citizens at a lower price. It is simply transparency. It is what every American is asking of every American corporation. We have a free enterprise system for people to price their products, but we do demand truth and honesty. This is a minimum of transparency that we can bring to the pharmaceutical industry in America.
Said by
Robert Torricelli
New Jersey
Source
govinfo.gov

Editor's note · Context

Discussing an amendment for transparency in pharmaceutical pricing and rebates.

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