The Biden administration and its co-conspirators, the Congressional Democrats, have been busy destroying America for the past 18 months.
They launched a war on American energy, shutting down the Keystone pipeline and blocking domestic oil and gas production – leading to skyrocketing gas prices, less fuel to heat and cool homes and businesses, and the sad spectacle of an American president running on gasoline goes. in hand to beg foreign despots and dictators to provide us with some energy.
They have started a war against our sovereignty and national security by inviting illegal immigrants (and smugglers) to “come in”. A tidal wave of fentanyl and other illegal drugs has come through our open borders and is now killing Americans across the country.
They started a war on education – they kept schools closed while children suffered mentally and emotionally.
And they have launched a war against our constitution, using executive regulations to expand a regulatory state that threatens to stifle individual autonomy and entrepreneurial innovation. Their legislation-by-regulation schemes run around the people’s representatives – and thus around the people.
Then there’s their reckless spending, fueling the highest inflation we’ve seen since the 1970s and lowering the living standards of all Americans, hitting those who can least afford it hardest.
And now, to distract us from the rubble and in a last-ditch effort to save their jobs in 2022, Democrats want to do what they do best: spend more taxpayer dollars. To fund some of that spending, they would order drug companies to “negotiate” with Medicare over the prices of certain branded drugs. However, “negotiation” is a misnomer; If drug companies disagree with the government’s price, they would lose most of the revenue from the sale of those drugs. Congressional Democrats and their White House allies are determined to wreck our best health care system on earth the same way they wrecked American energy, national security, education and constitutional governance.
Drugs cost billions to develop and many never make it to market. Continued investment in new drug development occurs only because R&D from time to time pays off in the form of a multi-billion-dollar “blockbuster” drug — covering the R&D costs of once-promising drugs that haven’t worked. Even the tantalizing possibility of developing a best-selling drug will not be enough to attract investment if the government can step in, dictate the price and take away the profit that would have covered R&D losses. Undercutting that profit potential means that capital is going elsewhere. The government cannot stop this unless, of course, we abandon the free market and adopt a socialist economic system, which many on the left are demanding and which would explain why they seem determined to ruin our country.
Veterans deserve better than the collective shrug of Congress over burning pits. The Fed needs a single mandate
Of course, lower investment in the pharmaceutical sector means many potential drugs never live up to their promise. Who knows what cures will never be developed – would it have been for Alzheimer’s? Or pancreatic cancer? Or Parkinson’s?
There are issues in our healthcare system that need to be addressed. But destroying the sector that has provided life-saving treatments and cures for so many of our citizens – especially to pay for more government spending and bureaucratic programs – is certainly not the solution.
Beverly McKittrick is Director of the Regulatory Action Center (RAC) at FreedomWorks. She previously served in the Trump administration in the Department of Labor, Office of the Secretary.
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