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Missed Opportunity for at least Some Competition-based Health Care Reform
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Blog

Missed Opportunity for at least Some Competition-based Health Care Reform

While the larger debate over liberals' proposed hostile government takeover of America's medical system continues to rage, an opportunity was recently missed to inject some competition in one important area: the life-saving biologic drug market.The Senate HELP committee passed legislation last week that would prevent generic companies from entering the market to compete with brand providers.  These "biogenerics" would provide downward pressure on prices for drugs like Insulin and Avastin (a colon cancer medicine), but not if Congress continues to allow roadblocks to competition.

07/20/2009
On Second Thought, Maybe the U.S. Should Be More Like Europe
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Blog

On Second Thought, Maybe the U.S. Should Be More Like Europe

The Wall Street Journal reports this morning that the European Union and the United States have again chosen different paths regarding free trade, this time with South Korea. However, for once it’s old Europe that wants to boost economic output by lowering barriers. Meanwhile, in the formerly free market U.S., a Congress beholden to Big Labor throws up roadblocks.

07/20/2009
Congressman Jared Polis (D-CO) makes an impression on health care
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Blog

Congressman Jared Polis (D-CO) makes an impression on health care

You have to hand it to Jared Polis: For a freshman Congressman to be quoted in the the NY Times and the Wall Street Journal within 24 hours (and not for some misdeed) is an achievement.

07/20/2009
Oppose Restrictions to Biogeneric Drugs
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Press Release

Oppose Restrictions to Biogeneric Drugs

July 16, 2009Members of the 111th CongressU.S. House of RepresentativesWashington, D.C. 20515Dear Representative,FreedomWorks, a grassroots organization with more than 750,000 members nationwide, is actively engaged in the current debate over health care reform and has been a strong advocate of market-based reforms that would expand consumer choice and competition in the health care sector.  Independent of the larger debate over the direction of health care reform in America, however, I would like to alert you to a potentially dangerous amendment that is being offered to H.R. 3200, American’s Health Choices Act of 2009 by Rep. Eshoo that would severely restrict the emerging market for biogeneric drugs.With the rising cost of pharmaceutical drugs and healthcare, it is increasingly important to encourage competition in the market for life saving therapies.  Biologics show great promise and have been used to produce insulin, human growth hormone, and other important therapies.  Globally, the market for these drugs has increased to more than $60 billion.  To expand this market and increase access to these life-saving drugs, it is important that the Food and Drug Administration has a regulatory pathway to approve biogenerics, or biologic follow-ons.  Much like generics, biogenerics hold the promise of new competiton and expanded consumer choice in new therapies to treat a variety of conditions, from AIDS to Alzheimer’s, to several different cancers.Currently, the FDA has limited authority to approve biogenerics.  Many pharmaceutical companies claim that biologics are too complex to be produced as generics.  This is not true; there are a number of pharmaceutical companies—brand name and generic—that have the capability and desire to enter the market for biologics with expiring patents.  One biogeneric has already been approved by the FDA, and the agency has stated that it believes it is possible to establish an abbreviated approval process for these drugs that allows manufacturers to establish their bioequivalence.  Already, the European Union and Australia have established procedures to approve biogenerics.  As an important component of health care reform,  Congress should move forward with legislation to ensure all Americans enjoy access to the latest therapeutic drugs at the most affordable prices.  Unfortunately, the Eshoo Amendment includes a 12-year exclusivity period that will do little to promote the competition necessary to expand consumer choice and check rising health care costs. A market approach is the correct solution to getting less expensive therapies to patients, as it also encourages the development of new and desperately needed medicines.  For these reasons,  I urge you to vote “no” on the Eshoo Amendment.  FreedomWorks will continue to follow the health care reform debate closely, advocating market-based reforms that expand patient choice and improve access to life-saving therapies.Sincerely,Matt KibbePresident and CEO

07/16/2009
A Sign of Things to Come?
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Blog

A Sign of Things to Come?

Remember when Massachusetts overhauled its health care system?It wasn't too long ago. Two thousand and six (AD) to be precise.Well, the utopian project is now forcing its passengers to brace for impact as it experiences potentially terminal turbulence due to out of control costs associated with the massive entitlement program.

07/16/2009
Obama's Economic Advisor Admits She Can't Ever Know If Stimulus Will Succeed
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Blog

Obama's Economic Advisor Admits She Can't Ever Know If Stimulus Will Succeed

Christina Romer, chair of the President’s Council of Economic Advisors, recently admitted in an interview with CNBC’s Maria Bartiromo that it is effectively impossible to accurately measure how many jobs the stimulus saved, will save, created, or will create.

07/16/2009
Diagram Illustrates Government Efficiency
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Blog

Diagram Illustrates Government Efficiency

Word on the street is that this flow chart vastly understates the complexity of the House Democrats' healthcare plan.May Gaia save us all.Update (roughly 45 minutes after original post): The original post has not been altered. If one briefly examines the image, one would learn that the source of it is:Joint Economic Committee, Republican Staff. (continued below in response to Sickle.)

07/16/2009
Support H.R. 3140 - REBOUND Act
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Press Release

Support H.R. 3140 - REBOUND Act

July 15, 2009 Members of the 111th CongressU.S. House of RepresentativesWashington, D.C. 20515 Dear Representative, Writing on behalf of over 700,000 FreedomWorks members nationwide, I urge you to cosponsor H.R. 3140, the Reducing Barack Obama’s Unsustainable Deficit Act (REBOUND), introduced by Representatives Tom Price (R-GA), Jim Jordan (R-OH), and Scott Garrett (R-NJ).

07/15/2009
Why Imminent Minimum Wage Hike Will Boost Unemployment And Depress Consumption
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Blog

Why Imminent Minimum Wage Hike Will Boost Unemployment And Depress Consumption

Politicians are proving Milton Friedman’s observation that “the government solution to a problem is usually as bad as the problem,” true once again (the Milton Friedman video below complements this blog post aptly). This time they are raising the federal minimum wage from $6.55 to $7.25 on July 24. This will be the third and final boost in a three-step plan by the federal government, based on legislation passed two years ago. 

07/15/2009
Help Stop Another Threat to U.S. Energy Security
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Press Release

Help Stop Another Threat to U.S. Energy Security

Don’t look now, but another threat to America’s access to affordable energy looms on the horizon.Recently, Nancy Pelosi and her fellow liberals in Congress passed a massive new Cap and Trade Energy Tax in the House.  This potentially devastating legislation that would threaten thousands of American jobs and cause energy prices to skyrocket now moves to the Senate and could be voted on as early as September.  Meanwhile, the Obama Administration is attacking our energy security on another front.Soon after he was confirmed as Secretary of the Interior, Ken Salazar announced that his department would be scrapping the plan for offshore oil and natural gas drilling and exploration developed by the previous administration.  Every five years the Department of the Interior’s U.S. Minerals Management Service (MMS), the agency responsible for offshore oil and gas leasing in the United States, develops a Five-Year Outer Continental Shelf (OCS) leasing program that helps schedule offshore oil and gas lease sales.  Instead of sticking to the plan in place, Salazar’s MMS is changing the rules on energy companies in the middle of the game.Please call Secretary Salazar at 1(877) 851-2516 and tell him that altering the Draft Proposed Program for 2010-2015 already in place, threatens our energy supply and could send gas prices through the roof.The Obama Administration has made no secret about their desire to see less oil, gas, and other tried-and-true fossil fuels on the table and their plans to limit energy production will increase energy prices.  The truth is, we need all energy options on the table and the government shouldn’t be picking and choosing winners.  Higher energy costs mean fewer jobs and rising costs on everything from food to transportation to heating and electricity.  Expanding offshore drilling and producing more energy would lower costs and help create more jobs.  The middle of an economic crisis is no time to start changing how business is done for the businesses, workers, and families that rely on the availability of the billions of barrels of oil and trillions of cubic feet of natural gas just off our own shores.  New technology has made energy exploration more environmentally friendly and safer for workers. Call Secretary Salazar at 1(877) 851-2516 and tell him we need more energy not less.  And if you have another moment, please send an email to the agency. Let him know you support the Draft Proposed Program for 2010-2015 – the plan already in place.

07/15/2009

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