Affordable Prescription Drugs
The way U.S. drugmakers price their products is legal, but it’s not moral. I will work towards structural change so businesses and families pay fair prices for the drugs they need.
More than 10% of our annual healthcare dollars now go to prescription drugs, and we pay more than people in any other developed country. How can that be?
For far too long, the large pharmaceutical companies have had American businesses and American consumers in a pinch: we need their life-saving drugs, so we are at their mercy when they increase prices. Members of Congress, in both parties, have not had the political will to take them on.
If elected, I will fight for structural reform, to immediately allow the federal government to negotiate with drug companies to get a lower price on medications for people on Medicare. Buying drugs in bulk will bring down costs, benefiting both the consumer and the taxpayer.
People recognize that most pharmaceutical companies are for-profit companies that require significant upfront funding to develop life-saving drugs. I believe we can find a way to allow the United States to remain the world leader in finding new cures and treatments, while also protecting families from predatory price increases by the pharmaceutical industry.
For too long, big pharmaceutical firms have bought influence through campaign donations and politicians have looked the other way as prescription drug prices have skyrocketed. Pharmaceutical companies spend big on lobbying and profit handsomely in return for campaign contributions. Over the past decade, drug makers have doled out nearly $2.5 billion to U.S. legislators – dollars that have led to reduced competition, beefed up patent protections and skyrocketing prices.
I won’t be accepting any contributions from this industry, or any corporate PAC, in my campaign. If elected, I pledge to fight for increased checks and balances on the pharmaceutical industry and to end the egregious and predatory pricing strategies that hurt West Michigan families.