Joe Biden’s drug agenda, the moves he claims will cut costs for Americans when they purchase medicines, actually could cost them access to cutting-edge treatments, according to a new report.
The Washington Times explains that Biden now is scheming to punish drug manufacturers by sharing their proprietary secrets with competitors – if they don’t agree to sell their products for his prices.
“Such an aggressive use of federal power may tackle high-priced prescription drugs that frustrate Americans, but critics warn that Mr. Biden could end up preventing the creation of advanced medications,” the report said.
In effect, his moves could discourage companies from pursuing new and potentially life-saving treatments.
The threats from Biden are that he could revoke licenses for drugs if he determines they are priced higher than he wants. The threat comes just as Biden heads into an election trailing President Donald Trump in the polls, including in seven key swing states.
Further, he’s overseen inflation of more than 17% since he took office, employment numbers are stagnant, prices for food and energy are exploding, he’s promoted abortion and transgenderism at every stop, and he’s given the world the impression of a weak and faltering America.
Seven in 10 Americans say the nation is on the wrong track with his leadership.
On the issue of prescriptions, some 80% say the cost of their medications is “unreasonable” and almost one-third say they cannot afford the drugs they need.
Biden’s response has been to accuse corporations of price-gouging.
The report explained in that light, he’s going forward with a plan to grab some drug patents and hand them to competitors if drugs “are not made available to the public on reasonable terms, including based on price.”
He’s using a 1980 law that was adopted to give the government a pressure point for drugs that are developed with taxpayer funding.
Biden adviser Lael Brainard told reporters, “We’ll make it clear that when drug companies won’t sell taxpayer-funded drugs at reasonable prices, we will be prepared to allow other companies to provide those drugs for less.”
But drug makers and others have warned Biden’s move “would chill investment and significantly reduce innovation and partnerships with the federal government, ultimately preventing lifesaving drugs from reaching the market,” the report explained.
“It will stifle innovation because it introduces extensive uncertainty about whether your patents will remain exclusive to your product, your development, and your commercialization efforts over the years with private investment money,” charged James Edwards, of Conservatives for Property Rights.
Previously, the National Institutes of Health has refused to use the law, the Bayh-Dole Act, to control drug prices, the report said.
But Biden decided to expand its reach to control prices early in 2023.
He took the action when the National Institutes of Health refused to hand over the patent to Xtandi to a competitor. The dispute arose because while that treatment lowers the progress of prostate cancer 61%, it costs as high as $180,000 a year per patient, four times what it costs in other countries, the report said.
Consumer groups had wanted the NIH to give the patent to a competitor who had promised to sell it cheap.
Joel Zinberg, of the Competitive Enterprise Institute, pointed out that the high prices often are to cover the costs of innovation, and cheaper generics eventually reach the market without the government’s intervention.
The report said the fight almost certainly will end up in court.
IMPORTANT NOTE TO WND READERS: America – long the freest, most prosperous, powerful, altruistic and Christian nation on earth – is on the brink of destruction. Every decent and aware American adult knows this. The evidence is everywhere.
Democrat politicians today overwhelmingly favor late-term abortion up to the very moment of birth – formerly known as “infanticide.” They encourage children too young to drive or vote to have their breasts and/or sex organs amputated in pursuit of a “gender transition” that is both delusional and impossible, and which leads to staggering rates of depression and suicide. They have not just allowed, but ENGINEERED, a full-scale foreign invasion of America across her southern border.
Their standard bearer, President Joe Biden – a senile, pathologically dishonest and epically corrupt career political hack – is destroying America’s economy, energy sector, military, law enforcement, election integrity, national security, Constitution and overall national wellbeing as rapidly as possible. At the same time, Team Biden demonizes and, increasingly, IMPRISONS critics as “violent extremists,” “domestic terrorists,” “white supremacists” and “insurrectionists.” Indeed, they’re currently engaged in an obviously corrupt multi-front legal war against Biden’s chief political rival, Donald J. Trump, in an attempt to send the 45th president of the United States to prison for the rest of his life.
None of this constitutes “politics” in any conventional or traditional American sense. Rather, it is all darkly spiritual. The greatest nation on earth is in the throes of a full-blown spiritual war between good and evil.
The big question, then, is WHAT CAN BE DONE TO SAVE AMERICA? Fortunately, real answers and uncommon wisdom are showcased in the December issue of WND’s critically acclaimed monthly Whistleblower magazine, “CAN AMERICA BE SAVED? The world’s freest, most Christian nation is on the brink of destruction.”
In this very special issue, readers will experience the best and deepest thoughts and strategies on how to restore America to her former goodness and greatness, from some of the nation’s most respected analysts – everyone from Tucker Carlson to Dennis Prager to Victor Davis Hanson to Newt Gingrich and many more.
WHISTLEBLOWER is available in both the popular print edition and a state-of-the-art digital version, either single issues or discounted annual subscriptions.
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