Hi,
Giant Big Pharma companies like Pfizer and Sanofi are planning to raise
the price of over 500 prescription drugs early this month in direct
response to President Biden lowering the cost of 10 medications.^1
Here’s what happened: President Biden’s landmark Inflation Reduction Act
empowers Medicare to negotiate some prescription drug prices, finally
lowering costs for some life-saving drugs. But Big Pharma is responding by
jacking up the price of other drugs. This is Big Pharma greed, plain and
simple — because prescription drug prices are already out of control.
Pfizer tripled the price of Paxlovid last year — selling the lifesaving
COVID drug at a 10,000% markup. Big Pharma will increase the prices of
drugs as much as they can until the government steps in and gets the cost
of all medications under control.
[ [link removed] ]Sign the petition: President Biden must step in and direct Medicare to
lower drug prices across the board. Fight the corporate greed of Big
Pharma!
ADD YOUR NAME
Giving Medicare the ability to negotiate lower drug prices makes sense for
so many reasons. First, cost should not be an obstacle to getting the
medication people need, especially when we’re talking about medicine for
conditions like cancer, diabetes, and kidney disease. Unsurprisingly, an
overwhelming majority of Americans want lower prescription costs.^2
But Big Pharma wants to stop Medicare negotiations — corporations have
even sued to stop the price negotiations. Drug companies want to continue
padding rich executive bonuses and pushing its stock price as high as
possible. And if they can’t stop the government from controlling the price
of some drugs, they’ll jack up the price of other drugs.
These corporations are in an all-out, stop-at-nothing campaign to protect
their profits over the health of Americans. We can’t let them win.
[ [link removed] ]Add your name: Urge President Biden to fight Big Pharma.
Thanks for taking action,
Joey and the team at Demand Progress
[ [link removed] ]DONATE
Sources:
1. Reuters, "Exclusive: Drugmakers set to raise US prices on at least 500
drugs in January," [ [link removed] ]December 29, 2023.
2. The American Prospect, "Who’s Running Big Pharma’s Last Stand Against
Slightly Fairer Drug Pricing,” [ [link removed] ]August 29, 2023.
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