Prepared Floor Remarks by
U.S. Senator Chuck Grassley of Iowa
Chairman, Senate Finance
Tuesday, February 25,
next time Big Pharma claims what we’re trying to do to lower drug prices
undermines the free market, just remember: they supported Obamacare.
Pharma doesn’t want a free market. Take note that this industry opposes every
proposal that would cost it money and supports every proposal that ensures
another government revenue stream – exactly what Obamacare did. And exactly
what Medicare and Medicaid do now.
Pharma has become so big and entitled, they have the gall to claim that limiting
taxpayer subsidies is somehow socialism. No, this is about ending corporate
welfare and demanding accountability to taxpayers. Isn’t that a conservative
Grassley-Wyden prescription drug bill saves tens of billions of taxpayer
dollars and has no negative impact on pharmaceutical innovation. That’s why
even the free market, libertarian CATO Institute has endorsed it.
encourage my Republican colleagues to join me in this effort.
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