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I won't give an inch to Big Pharma

Prescription drug prices – everything from complex new medications to insulin, which has been around for more than 100 years – are soaring.

Not coincidentally, so are pharmaceutical company profits.

But last month, when I asked Big Pharma CEOs why Americans are paying so much while they rake in historic profits, none of them wanted to give me a straight answer. They hedged and stonewalled, patronized and pointed fingers – all the while acting offended that anyone might see a connection between the skyrocketing price of prescriptions and their skyrocketing bonuses.

It was a heck of a performance, but frankly, it just didn't pass the smell test.

This past week, I got to question five major pharmacy benefit managers (PBMs) – the "middlemen" who the pharma execs blame for ripping our country off. Sure enough, I heard a lot of the same denials, hollow sympathy, and hand-washing.

I'm fighting back. Hard.

Big Pharma, corporate insurers, and PBMs have built a massive, opaque bureaucracy that sucks in billions of dollars (more every year), and spits out false apologies and contempt for the American people.

This is a fight for people's lives, and I refuse to give even an inch of ground.

It's time to hold bad actors accountable for profiting off of taxpayers and tragedy. I won't stop demanding answers.

Ron

Posted on April 14, 2019.

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Meet Ron Wyden

Ron Wyden & Jeff Merkley at a health care rallyRon Wyden is a champion for our progressive values -- standing up for consumers and the middle class, fighting for digital privacy and an open internet, protecting our planet and Oregon's special places, and always insisting on human rights and equality for all.

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