Things cannot go the way Joe Biden and other liberals want them to. If we let them carry out their plans for the next few years, it could ruin America. Literally forever.
That’s why the Republican Study Committee (RSC) recently sent a desperate plea to 158 House conservative offices, saying that Biden’s gazillion-dollar Build Back Better Act is a “direct assault on the very health and well-being of the American people.”
Instead of referring to it as Build Back Better, the RSC simply labelled it a “socialist spending spree” and mentioned three staples of American healthcare that Biden’s bill is about to destroy: choices, Medicare, and innovative cures.
“The left cares so much about advancing its depraved ideology it’s willing to risk American lives to do it,” the letter said.
According to the memo:
1) The bill would establish government mandated price-controls on selected prescription drugs by setting a ceiling of 40-75% of the average list price and, importantly, no floor on what rate the government can set.
2) They like to call it “negotiation,” but it’s anything but. If manufacturers don’t accept the mandated price, they’re hit with up to a 95% excise tax.
3) Time and time and time again, price controls have been shown to kill innovation, and these policies will prevent up to 100 new cures from being brought to the American people. Those are real lives that won’t be saved.
4) Not only will these policies kill new cures, they will kill competition. By setting arbitrarily low rates on new drugs, generic competition for brand named drugs will be disincentivized.
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