Speaker Pelosis Drug Pricing Plan would cut off medical research & penalize finding new cures
By Cong. Kevin Brady
WASHINGTON D.C. (Texas Insider Report) My neighbor is struggling with Parkinsons. Two of my friends died from ALS and 300000 Texans live with Alzheimers. What do these people all have in common? They are living or have lived with heartbreaking diseases that have no cure yet.
With recent medical innovation and groundbreaking research there is hope that one day cures can be found for diseases like these.
However that wont be the case if Speaker Pelosis new drug pricing plan is ever made into law.
Most aptly called the Fewer Cures Plan" this government price-fix proposal would stop life-saving cures from getting to the patients who need them most. Instead of encouraging research and development H.R. 3 would cut off medical research funding and penalize any company that explores new ways to find cures.
While some Democrats say this is a fair trade-off for lowering prices I say one cure lost is one too many.
What makes this plan even worse is that it would also result in the loss of over 700000 jobs. While the healthcare industry in every state would be impacted Texas is at a greater risk and would see higher job loss.
Speaker Pelosi threw out countless hours of bipartisan work when she introduced her secretive one-sided bill which has no hope of passing the Senate or making it to the Presidents desk. Its wasting time that could be spent improving the lives of the American people.
Republicans on the Ways & Means Committee have been dedicated to finding real bipartisan solutions to lower drug prices for years. Weve been working in good faith on legislation like the 21stCentury Cures Act the SPIKE Act and STAR Drug Act. All three of these bills would promote transparency in the pharmaceutical industry accelerate key medical discoveries and lower prices for families.
The trade-offs are enormous giving up cures and jobs in favor of government extortion.
Instead I urge the Speaker to reconsider and come to the table. Lets work together to lower prices for all Americans.
On a Different & Separate Note...
I served in Congress during the Clinton Impeachment. Back then we had a fair and open trial.
Then Judiciary Committee Chairman Henry Hyde (R-IL) was absolutely committed to ensuring both parties had an equal part. Democrats as well as President Clinton and his lawyers had full access and complete due process.
This time around it could not be more different.
Democrats have created a secretive process in closed door sessions without Republican input cherry-picking information and leaking it to the media to keep the American people confused and in the dark.
When I a sitting Member of Congress requested to see hearing transcripts I was denied.
Chairman Adam Schiff is abusing his power and denying the American people due process.
With him in charge we can no longer trust that the process will be fair and that information will be honestly shared.
Congressman Kevin Brady represents the 8th District of Texas in the U.S. House of Representatives. He currently serves as the lead Republican on the House Ways & Means Committee. In 2018 while serving as Chairman of the committee he authored and helped pass President Donald Trumps Tax Cuts & Jobs Act to reform the U.S. Tax Code for the first time in over 30 years.