It has been a really good year for the drug industry. The pharmaceutical industry is at it again in this body, attempting to undermine U.S. efforts to secure cheaper prescription drugs for millions of Americans. First, the Medicare bill passed late last year specifically prohibited the U.S. Government from negotiating lower drug prices for America's seniors and consumers, the drug industry and the President and the Republican leadership all singing off the same page. Then the pharmaceutical industry punishes American consumers by restricting the volume of prescription drug inventories in Canada to prevent importation to the U.S., the FDA, the President, Republican leadership and the drug industry again all singing off the same page. Now the President, the United States Trade Rep together have included language in this U.S.-Australia trade agreement that would enable the drug companies to prevent prescription drug importation, again to the detriment of America's consumers. We can bet those provisions will be in all future trade agreements negotiated by this administration. USTR and its drug industry allies, sometimes they are hard to tell apart, are doing all they can to drive up prices for Americans and the rest of the world. USTR and the drug industry were the only parties with a seat at the table for these FTA negotiations, no public interest groups, no senior groups, nobody advocating for reimportation.
On the recordJuly 14, 2004
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govinfo.govEditor's note · Context
Addressing the pharmaceutical industry's impact on drug prices and trade agreements.
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