Congress, Not the Free Market, Raised Drug Prices

CNS News | 3/15/2019 | Staff
monna (Posted by) Level 3
Click For Photo: https://cdn.cnsnews.com/prescription_drugs_photo_by_john_moore-getty_images_0.jpg

Ronald Reagan Reagan once said, “the nine most terrifying words in the English language are, ‘I'm from the government and I'm here to help.’”

But the stuff of real nightmares is when it's Sen. Ron Wyden's (D-OR) voice announcing the words, full of scorn, arrogance, and unearned authority.

Wyden - Ayn - Rand - Villain - Critics

Wyden could easily fill in as an Ayn Rand villain, except critics would have savaged her for including such an unrealistically loathsome caricature.

The far-left Oregon Democrat was in his element at a recent Senate Finance Committee hearing, heaping scorn on people who run businesses employing thousands of Americans from his perch as a lifelong politician who's accomplished exactly nothing except leaving us all a little less free.

Ron - Wyden - Days - Term - House

Ron Wyden celebrated his 31st birthday seven days before he was sworn into his first term in the House of Representatives. He's been a congressman for more years in his life than not.

Self-importantly banging his gavel Tuesday, Wyden berated pharmaceutical CEOs for high drug prices – much of the blame for which lies with Congress itself and its constant, clumsy intervention into the healthcare market.

Executives - Flogging - Companies - World - Place

The seven executives brought in for a congressional flogging aren't perfect, and neither are the companies they head. But they've certainly done far, far more to make the world a better place than Wyden can even imagine.

“Last year, Janssen invested $8.4 billion globally in research and development, making Janssen one of the top research and development investors in any industry anywhere in the world,” explained Jennifer Taubert, the chairman of pharmaceuticals for Johnson and Johnson, which owns Janssen.

Perspective - Times - Product - Belize - Country

To put that in perspective, $8.4 billion is four-and-a-half times the annual gross domestic product of Belize, an entire country, spent by a private company with shareholders in the hopes of inventing better medicines that will leave humanity far better.

But Wyden lit into Taubert and the others....
(Excerpt) Read more at: CNS News
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!