From Katie Porter <[email protected]>
Subject 4 new things I learned about Big Pharma
Date December 20, 2021 4:59 PM
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[ [link removed] ]Katie Porter for Congress

John,

Big Pharma has been price gouging Americans for years, and a recent report
by the Congressional Oversight Committee is bringing their greed to light.
Here’s what we learned:

* Big Pharma has hiked up the price of a dozen drugs to be 250 times
more expensive than they were a few years ago.
* Taxpayers are footing the bill for people’s overpriced prescriptions
because Medicare isn’t allowed to negotiate drug prices. This costs
taxpayers $25 billion over five years.
* Companies are using patient assistance programs (which are meant to
help low income people afford their prescriptions) to squash
competition and hook people on their drugs.
* The report found more evidence that Big Pharma’s claim that they need
to charge astronomical prices to offset the cost of research and
development is a myth.

Meanwhile, Big Pharma has spent more than $20 million on lobbying this
year alone.

Congress needs to stand up to Big Pharma’s greed and pass legislation
that will allow Medicare to negotiate drug prices, limit what seniors
spend on prescriptions, and recover taxpayer dollars when companies jack
up prices faster than inflation.

I’ve never taken campaign contributions from Big Pharma, and never will.
[ [link removed] ]My fight against Big Pharma is only possible because of grassroots
supporters like you.

If you've stored your info with ActBlue Express, we'll process your
contribution instantly:

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Onward,

Katie Porter


 


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