Washington, DC — Protect Our Care is releasing a new cable TV ad condemning drug companies for doing everything in their power to protect their profits and block a plan that would deliver lower prescription drug costs to the American people. The ad also applauds President Biden and the Democrats in Congress for standing up to the drug companies with this legislation that will finally rein in Big Pharma’s greed. Pharmaceutical companies have spent over $100 million on lobbying this year alone to try to defeat this plan all while raking in record-breaking profits after jacking up prices for consumers. In America, people pay three times more for the same prescription drugs as they do in the rest of the world, because the drug companies have a monopoly and can set the price at whatever they want.
The ad comes after Senate Democrats reached a historic deal to reduce health care costs and protect millions of households from health insurance premium spikes. Two decades ago, drug companies got Congress to ban Medicare from negotiating drug prices, but Democrats are on track to undo that ban, giving Medicare the power to lower prices for patients. In addition, the Democrats’ plan will cap seniors’ out-of-pocket drug costs and penalize drug companies that raise prices faster than inflation. President Biden and the Democrats in Congress are working to deliver real relief to millions of American families.
“Americans are tired of the broken system that puts Big Pharma’s profits above the needs of working families,” said Protect Our Care Executive Director Brad Woodhouse. “It is shameful that, in the wealthiest country in the world, families are forced to choose between affording essential medications and putting food on the table or paying rent. Thankfully, President Biden and the Democrats in Congress are delivering on their promise to lower health care costs and expand affordable coverage. Meanwhile, Republicans are standing by big drug companies and other special interests, shamefully putting politics before people.”
And the drug companies just rake it in hand over fist. They spent $147 million lobbying lawmakers and saw billions of dollars in profits just last quarter alone.
That’s how the system works.
President Biden and Democrats in Congress are making it right. Standing up to the drug companies. They’re ending the days where drug companies can charge whatever they want by making them negotiate with Medicare to bring down prices.
More patients will be able to afford their medicines. More families will be able to get some sleep at night.
It might mean smaller bonuses for drug company CEOs – fewer private jets and smaller yachts for them. But it lowers prices for patients and it’s the right thing to do.
Paid for by Protect Our Care.