The Lower Drug Costs Now Act is needed NOW!

KEY ARGUMENT: The Lower Drug Costs Now Act, spearheaded by the House speaker, Nancy Pelosi, could save $345 billion in federal spending over seven years, the Congressional Budget Office has found. It could also reduce out-of-pocket costs by $158 billion over a decade, according to a nonpartisan federal report. The argument that the money this will cost the industry is moot as pharma has spent tax breaks they received on stock buybacks, not R&D.

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