I don't want to suggest that controlling pharmaceutical costs is the answer to what ails the U.S. health care system. It isn't.
Sentiment: NEGATIVE
First of all, pharmaceutical costs are the single fastest-growing part of our health care budget.
The pharmaceutical industry isn't the only place where there's waste and inefficiency and profiteering. That happens in much of the rest of the health care industry.
Looking at affordable health care, I think it is important that we look not only at prescription drugs, but also make sure that there is a major focus on health care.
I'd never have guessed that, six years after Medicare introduced a drug benefit, it would still be forbidden to negotiate prices with pharmaceutical companies. Health reform might fix that, but it probably won't.
The right way to reign in healthcare costs is not by applying more government and more controls and making it more like the post office, it's by making it more like a consumer-driven market.
While I recognize the great value and importance of prescription drugs and strongly support a continued U.S. focus on pharmaceutical research and development, our nation's seniors cannot be asked to subsidize the drug costs of other wealthy industrialized nations any longer.
The United States has an active pharmaceutical industry that has brought huge benefits to the U.S. public. Most Americans, who benefit from these advances, have little understanding of how difficult it is to create an important new medical therapy and make it available to improve public health.
I want to give consumers way more choices in health care. Choice and competition always drive down costs better than central control.
Drug companies say they need to charge ever-higher prices to cover their research costs, but they spend far less on research and development than they do on marketing and administration, and afterwards they actually keep more in profits.
The United States is the only advanced country that permits the pharmaceutical industry to charge exactly what the market will bear, whatever it wants.