WASHINGTON, D.C. — In response to President Biden’s call for Congress to pass legislation aimed at artificially lowering prescription drug prices, Adam Brandon, FreedomWorks President, commented:
“President Biden’s mission is to impose government control over every aspect of our lives. Like much of his agenda, Biden’s latest call on Congress to impose socialist drug price controls will hurt the very same patients that he claims to want to help.
“Bills like H.R. 3 would bring an unprecedented level of federal government intervention in the healthcare market. If Speaker Pelosi and Senator Schumer respond to President Biden’s call, it will erode the incentive to invest in scientific research and development that is critical to create new, life-saving drugs. Like other countries who have socialist drug price controls, the unintended consequences of this policy in the U.S. will result in limited access to new medicines, an overburdened healthcare system, and shortages for medical equipment.”