Advocacy / AMAC On Capitol Hill / Opposition Letters

AMAC Opposes The Lower Drug Costs Now Act of 2019

amac membership Americans refuge core values country great equality act health care AMAC Action capitolThe Honorable Frank Pallone
Chairman
House Energy and Commerce Committee
Washington, DC 20515

The Honorable Greg Walden
Ranking Member
House Energy and Commerce Committee
Washington, DC 20515

Dear Chairman Pallone and Ranking Member Walden,

On behalf of the 2 million seniors and members of the Association of Mature American Citizens (AMAC), I write in opposition to the Lower Drug Costs Now Act of 2019, H.R. 3. This legislation would negatively affect seniors and the private sector health system.

This legislation demands that pharmaceutical companies negotiate drug prices with the government. The requirement amounts to accepting a mandate from the government about what prices to charge, further removing drug sales from the private sector. If a pharmaceutical company does not comply with the prices set by the federal government on medications where there is no generic or biosimilar equivalent, it could face a massive penalty on each drug.

The price fixing policies in H.R. 3 would severely damage private sector research and development of new potentially lifesaving medications. The legislation would limit the availability of existing medications. Americans are currently experiencing artificial drug shortages due in part to the business practices in the hospital and outpatient prescription drug supply chains – this bill would exacerbate an already serious situation while failing to address the structural issues with drug pricing.

H.R. 3 resurrects policies that have failed in the past, limits therapeutic options for patients and virtually guarantees the destruction of private drug therapy research and development. AMAC is dedicated to protecting the rights of mature Americans. We strongly oppose a government takeover of healthcare d rug processes and urge you to consider both the political and economic repercussions of the Lower Drug Costs Now Act of 2019.

Sincerely,

Dan Weber
President and Founder,
Association of Mature Americans Citizens

If You Enjoy Articles Like This - Subscribe to the AMAC Daily Newsletter!

Sign Up Today
Subscribe
Notify of
28 Comments
Most Voted
Newest Oldest
Inline Feedbacks
View all comments
28
0
Would love your thoughts, please comment.x
()
x