What's new
The Brexit And Political discussion Forum

Brexit may have begun but it is not over, indeed it may never be finished.

House GOP decides to champion the least popular industry in the U.S.: Pharmaceutical companies

Brexiter

Active member
In their ongoing efforts to go precisely against public opinion in their efforts, House Republicans have decided that they should be protecting the pharmaceutical industry from efforts by President Joe Biden and Democrats to lower the cost of prescription drugs. Biden is likely to draw on drug pricing legislation passed by the House in 2019, H.R. 3, in his next big spending bill, the American Families Plan.

That's going to be included the upcoming, second part of Biden's infrastructure push—the social/health/education rebuilding plan—and it's expected to include giving the federal government the power to directly negotiate prices for certain drugs used in the Medicare program, which it already can do for the Veterans Health Administration and, to an extent, Medicaid. House Republicans think they've got a great argument against that: coronavirus vaccines.

"If H.R. 3 were the law of the land before the pandemic, it would have hindered America's private sector medical innovators from stepping up to help us beat the virus," Reps. Kevin Brady of Texas, Cathy McMorris Rodgers of Washington, and Virginia Foxx of North Carolina wrote in a letter to colleagues sent Wednesday. Which is pretty much nonsense. That didn't stop them. "It was bad policy then, and it's even worse policy today for the hardworking people of this country who are seeking normalcy and an improved quality of life," the three write. "The pandemic has further proven we can't let the Speaker's government price control scheme stop the development of lifesaving cures and treatments."

In reality, the federal government has spent billions to help private companies research and develop the coronavirus vaccines. It's continuing to fund the vaccine manufacturing and distribution. It's spent a couple billion more to help manufacture vials and syringes, too. Drug price negotiation for Medicare has pretty much nothing to do with the response of the federal government and private companies to a global pandemic. But Republicans aren't going to let a little thing like reality get in the way when they think they've got a good gotcha talking point. Democrats will argue back that U.S. consumers, including the taxpayer through the Medicare program, are paying the price for cheap prescription drugs in countries that do have price controls.

Democrats can also point to public polling, which has pretty consistently shown that the American public supports efforts to control prescription drug costs, and that majority support crosses political divides. Polling from the Kaiser Family Foundation (KFF) in February 2019 found that 79% of Americans say the cost of prescription medicines is "unreasonable."

That's not all: "At least eight in ten—across party identification—say profits made by pharmaceutical companies are a 'major factor' in the price of prescription drugs." There's massive public support in this KFF poll for allowing the government to negotiate Medicare drug prices—86%, and that includes 80% of Republicans. This is an incredibly stable finding, mirrored in polling from KFF dating back to 2016.

It's also valid across polling. A Gallup survey conducted a year ago found that two-thirds of U.S. adults reported that their prescription drug costs had increased over the past three years. Thirty percent said that lowering drug costs was "the single most important issue" or "among the most important issues" influencing their vote in the 2020 election. And in what's really bad news for Republicans on this one, 75% of people wanted Senate Republicans to bring up and pass H.R. 3. That included 72% of Republicans.

Pre-coronavirus, Gallup found that the pharmaceutical industry was "the most poorly regarded industry in Americans' eyes, ranking last on a list of 25 industries that Gallup tests annually." So Republicans aren't going to gain much with voters by becoming the industry's champions.
 
Back
Top