In ongoing negotiations, it's reported that some are proposing to employ destructive drug price controls…
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Budget Negotiations: CFIF Opposes Use of Drug Price Controls via "Mandatory Inflation Rebates"

In ongoing negotiations, it's reported that some are proposing to employ destructive drug price controls as a mechanism to reach a budget agreement.  For multiple reasons that CFIF has highlighted, that poses a potentially catastrophic idea.

Specifically, it appears that debt ceiling negotiations may include a destructive proposal to reduce federal spending levels by targeting $115 billion from Medicare, which would derive largely from alleged “Medicare savings” through instituting a government-imposed mandatory “inflation rebates.”  As we've explained, inflation rebate proposals work by penalizing drug innovators with higher taxes whenever their products exceed an arbitrary inflation mark.  Currently, Medicare Part D’s structure works by employing market-based competition…[more]

July 22, 2019 • 01:09 pm

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CFIF Launches National Media Campaign to Oppose House "Super Chapter 9" Bankruptcy Legislation for Puerto Rico Print
By CFIF Staff
Sunday, April 03 2016

WASHINGTON, D.C. – The Center for Individual Freedom (CFIF) today announced a national media campaign in opposition to the "Super Chapter 9" bankruptcy legislation for Puerto Rico, which was recently released by the Committee on Natural Resources in the U.S. House of Representatives.

"We are deeply concerned about this draft legislation," said Timothy Lee, CFIF’s Senior Vice President of Legal and Public Affairs. "As written, it is an even more dangerous version of the Obama Administration’s unprecedented Super Chapter 9 proposal, and amounts to a bailout of Puerto Rico on the backs of American savers and retirees. We want to make sure that every American knows of the disastrous and far-reaching implications of this bill."

The campaign will feature national advertisements on television, radio and online which will highlight the contagion effect of this legislation. If Puerto Rico is allowed to declare bankruptcy and victimize its bondholders, high-spending states like Illinois may seek the same authority from Congress. This will raise borrowing costs for states, and will crush the value of retirement funds around the country.

Further, the legislation will remove any incentive that fiscally irresponsible states have to enact meaningful reform for the benefit of their own taxpayers, setting the stage for an onslaught of debt crises across the country.

CFIF implores all Americans to contact their representatives and tell them to oppose the House of Representatives’ Super Chapter 9 plan for Puerto Rico.

View the television ad below.

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On July 20, 1969, the first man to walk on the Moon was Neil Armstrong, making “one giant leap for Mankind.” Who was the last person to walk on the Moon?
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"Rarely has a foreign country seemed so eager to get bombed by the United States as Iran does right now.In its latest provocation, Iran seized a British-flagged tanker in the Strait of Hormuz on Friday. It wasn't a subtle operation. Revolutionary Guard forces rappelled on to the tanker from a helicopter, and if you have any doubt, it was all captured on videotape.The act raised the stakes in the regime…[more]
 
 
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