August 30, 2023
Advancing American Freedom issued the following statement after the White House announced the 10 drugs that are up for price negotiations under the so-called ‘Inflation Reduction Act.’
The Inflation Reduction Act has been a disaster for the American people and the drug price negotiations will only make matters worse for our pocketbooks,” said AAF Executive Director Paul Teller. “It is no wonder that 80 percent of older Americans view the Inflation Reduction Act (IRA) as a failure. Rather than promote competition to cut costs and innovation to save lives, the Biden administration is aiming a loaded gun at the companies that make the medicine that Americans depend on to manage serious health conditions and diseases. These ‘negotiations’ are nothing more than the threat of steep new taxes. Entitlement programs like Medicare and Medicaid are in need of serious reform but, sadly, these changes will only make things worse.”
