{"id":25497,"date":"2020-02-03T16:46:15","date_gmt":"2020-02-03T21:46:15","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=25497"},"modified":"2021-08-30T10:30:57","modified_gmt":"2021-08-30T14:30:57","slug":"president-trump-should-again-reject-socialism-including-hhss-drug-price-control-proposal","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/25497\/president-trump-should-again-reject-socialism-including-hhss-drug-price-control-proposal\/","title":{"rendered":"President Trump Should Again Reject Socialism, Including HHS\u2019s Drug Price Control Proposal"},"content":{"rendered":"<p>During his 2019 State of the Union address, President Donald Trump confidently stated, \u201cWe will never be a socialist country.\u201d\u00a0 Today, however, his Department of Health and Human Services (HHS) is pushing an <a href=\"http:\/\/cfif.org\/v\/index.php\/commentary\/43-taxes-and-economy\/4344-cfif-to-hhs-dont-blow-it-with-drug-price-controls\">International Pricing Index (IPI) proposal<\/a>, a socialist policy idea that would peg what Medicare Part B pays for prescription drugs to prices in other developed countries. Simply stated, the IPI proposal would require the U.S. to adopt the price controls of foreign nations that have socialized medicine policies.<\/p>\n<p>Here\u2019s hoping that at this year\u2019s SOTU, President Trump sticks to his guns and continues to reject socialist policies, including HHS\u2019s destructive IPI proposal.<\/p>\n<p>To understand how bad the IPI proposal is, consider this: Its two most vocal proponents in Congress are Speaker of the House Nancy Pelosi and self-proclaimed socialist Senator Bernie Sanders.<\/p>\n<p>Speaker Pelosi\u2019s proposed H.R. 3, among other things, applies the IPI rate-setting model to the U.S. drug market.\u00a0 It\u2019s noteworthy that the White House Council of Economic Advisors rightly <a href=\"https:\/\/www.whitehouse.gov\/articles\/house-drug-pricing-bill-keep-100-lifesaving-drugs-american-patients\/\">says<\/a> that, \u201cthe threat [H.R. 3] poses to continued medical innovation will harm American patients in ways that far outweigh any benefits.\u201d\u00a0 That\u2019s because rate setting restricts access to life saving medicines.\u00a0 For example, in many European counties, patients have to wait about a year, sometimes longer, to access new cancer medicines.\u00a0 No patient should suffer that risk. In the U.S., in contrast, patients wait an average of only 3 months and have access to a far greater variety of medicines.<\/p>\n<p>The IPI proposal would also diminish U.S. economic leadership in biopharma innovation.\u00a0 That industry is an economic engine that supports 4 million U.S. jobs and invests billions of dollars in R&amp;D in the United States &#8211; roughly $80 billion in 2018 alone.<\/p>\n<p>Simply put, HHS\u2019s misguided IPI proposal amounts to socialized medicine. If President Trump is true to his declaration at last year\u2019s SOTU, he will banish it to the dustbin of history.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>During his 2019 State of the Union address, President Donald Trump confidently stated, \u201cWe will never be a socialist country.\u201d\u00a0 Today, however, his Department of Health and Human Services (HHS) is pushing an International Pricing Index (IPI) proposal, a socialist policy idea that would peg what Medicare Part B pays for prescription drugs to prices [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[12,186,5068,3738],"class_list":["post-25497","post","type-post","status-publish","format-standard","hentry","category-posts","tag-health-care","tag-hhs","tag-prescription-drugs","tag-price-controls"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/25497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=25497"}],"version-history":[{"count":9,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/25497\/revisions"}],"predecessor-version":[{"id":25869,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/25497\/revisions\/25869"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=25497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=25497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=25497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}