PAT TOOMEY LETS PHARMACEUTICAL COMPANIES OFF THE HOOK…AGAIN!

PENNSYLVANIA – Yesterday, Pat Toomey spent his time in the Senate fighting to ensure that seniors’ prescription price costs are as high as possible.

“Everyone knows Pat Toomey supported privatizing Social Security to screw Pennsylvania seniors in favor of Wall Street. So it’s no surprise that now he’s doubling down on his efforts to hurt Pennsylvania seniors by keeping their prescription drug prices as high as possible,” said Beth Melena, senior communications advisor for the Pennsylvania Democratic Party. “Pat Toomey is a do-nothing senator – except when it comes to making sure that Pennsylvania seniors continue to pay ridiculously high prices for their prescription drugs. Our seniors have worked hard their entire lives and now Pat Toomey wants to make sure they can’t get the medication they need to be healthy. Pat Toomey is an absolute disgrace who refuses to do right by the seniors of Pennsylvania.”

BACKGROUND:

“A bipartisan Senate bill would yield $100 billion in savings on prescription-drug spending over a decade, two of its sponsors said Tuesday, in part by penalizing pharmaceutical companies for raising prices faster than the rate of inflation….However, some Senate Republicans balked at the new bill on Tuesday….Pat Toomey of Pennsylvania said he would offer an amendment to strike the bill.”  [Arkansas Democrat-Gazette, 7/26/19]

Grassley, R-Iowa, and Ron Wyden, D-Ore., the committee’s ranking member, on Tuesday introduced a bipartisan bill to lower prescription drug prices for seniors. The bill, supported by the White House, would make changes to Medicare, the federal government’s health insurance plan for the elderly, by adding an out-of-pocket maximum for beneficiaries. It also includes a penalty for pharmaceutical companies if the prices of their drugs rise faster than inflation….[T]he Senate bill on Thursday received pushback from Republicans on the inflation penalty rule. Senate Republicans argued the rule was an excessive government intervention. However, an amendment to scrap the proposal from Sen. Pat Toomey, R-Pa., failed to pass the Senate panel.” [CNBC, 7/26/19]

“A recent AFSCME ad claimed Pat Toomey supported Social Security privatization during his time as Senator:  ‘Because as a senator Toomey stood up for Wall Street. He wanted to privatize Social Security and invest it in the stock market. Wall Street would make billions in fees even if the stock market crashed.’…We rate the claim Mostly True.” [Politifact, 10/20/2010]