Schumer Blocks Cornyn Prescription Drug Bill from Passing


In: All News   Posted 11/13/2019
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‘It protects innovation, it increases competition, and it lowers prices for patients and saves money for taxpayers.’

‘This is nothing more than a big wet kiss for the people who are gaming the patent system.’

WASHINGTON – Today, U.S. Senate Democrat Leader Charles Schumer (D-NY) blocked passage of Sen. John Cornyn’s (R-TX) bipartisan drug pricing bill with Sen. Richard Blumenthal (D-CT). Excerpts of Sen. Cornyn’s floor remarks are below, and video can be found here.
 

On Sen. Schumer’s Objection to Passing the Bill:

“My bill is not going to sink the prospects of that larger package of legislation. What we have in front of us today is an uncontested bipartisan bill that we can pass today.”

“The Democratic Leader has now objected to the unanimous consent request to take up and pass a bill that he has called ‘good.’ He's called it ‘well-intentioned.’”

“The only people rejoicing at this very moment are the very same people who are gaming the patent system and who are keeping the… out-of-pocket price for seniors of their prescription drugs high. Those are the people popping champagne corks right now, because this is nothing more than a big wet kiss for the people who are gaming the patent system.”
 

On the Affordable Prescriptions for Patients Act:

“The American people simply should not have to put up with this. We need to stop companies from manipulating the system and keeping competitors tied up in the courtroom so that patients can start to feel some relief.”

“So this bill really checks every box. It protects innovation, it increases competition, and it lowers prices for patients and saves money for taxpayers.”

“I think it's time that we pass this legislation and let our constituents know that we've heard their concerns and we are committed on a bipartisan basis to bring down drug prices.”