{"id":25879,"date":"2021-09-17T12:54:18","date_gmt":"2021-09-17T16:54:18","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=25879"},"modified":"2021-09-23T10:23:20","modified_gmt":"2021-09-23T14:23:20","slug":"quote-of-the-day-wsj-on-h-r-3-biden-pelosis-dangerous-healthcare-bill","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/25879\/quote-of-the-day-wsj-on-h-r-3-biden-pelosis-dangerous-healthcare-bill\/","title":{"rendered":"Notable Quote:  WSJ on H.R. 3, Biden &#038; Pelosi&#8217;s Dangerous Healthcare Bill"},"content":{"rendered":"<p>In this week&#8217;s Liberty Update we highlight the <a href=\"https:\/\/cfif.org\/v\/index.php\/commentary\/56-health-care\/5665-hr-3-will-kill-us-drug-innovation-university-of-chicago-finds\">potentially catastrophic threat of H.R. 3<\/a>, the healthcare and drug price control bill that Joe Biden and Nancy Pelosi are attempting to rush through Congress.\u00a0 <em>The Wall Street Journal<\/em> helpfully offers <a href=\"https:\/\/www.wsj.com\/articles\/the-political-raid-on-future-cures-drug-price-controls-house-democrats-pharmaceutical-companies-11631828137?mod=itp_wsj&amp;ru=yahoo\">further insight<\/a> this morning on how H.R. 3 would threaten lifesaving U.S. pharmaceutical innovation and leadership, including on things like the Covid vaccines:<\/p>\n<blockquote><p>Companies that refuse the government\u2019s price must pay a 95% excise tax on all revenue they generate from that drug in the U.S.\u00a0 They\u2019d also have to offer the government price to private insurers.\u00a0 There\u2019s no \u201cnegotiation\u201d when a gun is pointed at your head.\u00a0 A new study in the Journal of the American Medical Association estimates that drug spending in the U.S. would have been 52%, or about $83.5 billion, lower in 2020 based on the bill\u2019s formula.\u00a0 The research outfit Vital Transformation estimates the bill would reduce bio-pharmaceutical earnings by $102 billion a year&#8230;<\/p>\n<p>The hugely successful mRNA Covid vaccines are the result of years and billions of dollars in research.\u00a0 BioNTech initially set out to create cancer vaccines and linked up with Pfizer in 2018 to work on a more effective flu vaccine.\u00a0 Biotech firms are trying to use mRNA technology for personalized cancer vaccines, autoimmune treatments and gene therapies.&#8221;<\/p><\/blockquote>\n<p>Americans cannot allow Biden, Pelosi and Schumer to jeopardize our future health on behalf of their hyper-partisan agenda.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this week&#8217;s Liberty Update we highlight the potentially catastrophic threat of H.R. 3, the healthcare and drug price control bill that Joe Biden and Nancy Pelosi are attempting to rush through Congress.\u00a0 The Wall Street Journal helpfully offers further insight this morning on how H.R. 3 would threaten lifesaving U.S. pharmaceutical innovation and leadership, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[860,1251,5087,861,36,4805],"class_list":["post-25879","post","type-post","status-publish","format-standard","hentry","category-posts","tag-biden","tag-drugs","tag-h-r-3","tag-healthcare","tag-pelosi","tag-pharmaceuticals"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/25879","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=25879"}],"version-history":[{"count":3,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/25879\/revisions"}],"predecessor-version":[{"id":25883,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/25879\/revisions\/25883"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=25879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=25879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=25879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}