This evening, Protect Our Care hosted a Lite-Brite demonstration outside PhRMA’s headquarters in D.C., condemning them for doing everything in their power to protect drug company profits. Thankfully, Democrats in Congress are poised to rein in Big Pharma’s greed and deliver on their promise to lower prescription drug costs. Big Pharma has spent over $100 million on lobbying this year alone in an effort to maintain the status quo that allows them to raise prices while millions of Americans struggle to afford their prescriptions. As it stands, Americans pay three times more for prescription drugs than people in other countries, forcing millions to choose between affording their medications and paying for essentials like food or rent.
The Lite-Brite display comes as President Biden and the Democrats in Congress are moving forward with the most significant health care legislation since the Affordable Care Act. Earlier this week, Senate Democrats announced a historic reconciliation deal that will deliver lower health care costs for millions of families. This Inflation Reduction Act will finally give Medicare the power to negotiate lower costs for millions of Americans, while capping seniors’ out-of-pocket costs for drugs at $2,000 per year and stopping pharmaceutical companies from enacting egregious annual price hikes. The Lite-Brite display makes clear that Congress must act now to put an end to Big Pharma’s greed by quickly getting the reconciliation bill to President Biden’s desk for signature.
Background:
Big Pharma Drops Over $100 Million Fighting Prescription Drug Price Negotiation