Political Quotes

“The Congressional Budget Office, they also looked at H.R. 3, Speaker Pelosi's bill, and they said it would kill off more than 38 new medical innovations--38. The Council of Economic Advisers, they looked at it and said they thought it would be more like 100 new medicines that would be lost. It is no wonder that President Trump, the country's strongest advocate for lowering drug prices, said even he could not support H.R. 3, and would have to veto it. Mr. Chair, I include in the Record the Statement of Administration Policy. Statement of Administration Policy h.r. 3--the elijah e. cummings lower drug costs now act--rep. pallone, d-nj, and 106 cosponsors The Administration opposes passage of H.R. 3, which contains several provisions that would harm seniors and all who need lifesaving medicines. Nevertheless, as Congress follows the President's lead on reducing prescription drug costs, the Administration welcomes bipartisan efforts to enact legislation that provides additional prescription drug- cost relief for American families. In its current form, H.R. 3 would likely undermine access to lifesaving medicines. The bill creates a statutory scheme for ``negotiation'' between the Secretary of Health and Human Services and pharmaceutical manufacturers regarding the price of prescription drugs, but the penalty for failing to reach agreement with the Secretary is so large that the Secretary could effectively impose price controls on manufacturers.…”