American Crossroads Attacks Harry Reid For Not Bringing Nevada Enough Stimulus

The drug industry, through its lobbying arm, PhRMA (the Pharmaceutical Research and Manufacturers of America), has launched a multi-million dollar PR campaign to fight health care reform & protect their excessive profits by restricting competition. Drugs are the fastest-growing part of the health care bill & pharmaceutical companies want to keep it that way.



What are they afraid of?



The U.S. pays twice as much for 30 commonly prescribed medications as other industrialized countries. Pharmaceutical companies fear that free market competition that gives the government the power to negotiate for lower drug prices will bring U.S. drug prices in line with those in other countries.



What is their tactic?



They want to scare us into believing that their research and development (R&D) budget & their ability to invent the next great life-saving drug depend on their continuing to rake in enormous profits. And that means ensuring people do not have a choice of a public health insurance plan in addition to private insurance plans: "PhRMA believes that the best way to expand coverage & reduce the number of uninsured is through private health insurance with businesses & families having a range of private options."



Is PhRma right?



No.



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