[Congressional Record Volume 167, Number 213 (Thursday, December 9, 2021)]
[House]
[Page H7618]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1615
        DEMOCRATS' DRUG PRICING SCHEME JEOPARDIZES FUTURE CURES

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. Madam Speaker, the Federal Government cannot be given the 
ability to police innovators who create lifesaving products. Top-down, 
government-imposed drug pricing would eliminate consumer choices, 
jeopardize future cures, and ultimately lead to socialized medicine.
  The United States invents approximately two-thirds of the world's new 
medicines. Our system encourages private investments which spur 
innovation. This is something we should be proud of and encourage, not 
curtail.
  But under the Democrats' radical Build Back Better Act, new drugs and 
cures for diseases like cancer and diabetes would be reduced. Price 
controls will lead to reduced access for patients and will set a 
dangerous precedent.
  If the Federal Government has the authority to dictate the cost of 
prescription drugs, what else will it decide to set prices for?

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