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Comprehensive Health Reform: A Must Pass This Year
Date:2/25/2009

s lack insurance coverage or have excessive co-pays that cause them to pass on needed medical treatments. This not only has a detrimental effect on patient health, it impacts job stability and economic growth. For example, the impact of lost workdays and lower employee productivity due to chronic diseases such as cancer, diabetes and heart disease resulted in an estimated economic loss of $1 trillion in 2003.

"America's pharmaceutical research and biotechnology companies have partnered with a diverse group of stakeholders representing both business and organized labor to help push healthcare reform efforts. Though of diverse backgrounds, we agree that our healthcare system must be improved for the greater good of our country. Too many businesses are crippled because of out-of-control healthcare costs.

"Last year, PhRMA unveiled its own healthcare reform platform to address all of these critical issues. Our plan stresses the need to build on the existing employer-based system and expanding coverage through a public-private approach - with a focus on private health insurance expansions and leveraging such public health insurance programs as the recently reauthorized State Children's Health Insurance Program (SCHIP).

"PhRMA is committed to working with President Obama and lawmakers on both sides of the aisle and will continue to support policies that encourage and strengthen innovation, improve patient access to medicines and expand healthcare coverage for all Americans."

The Pharmaceutical Research and Manufacturers of America (PhRMA) represents the country's leading pharmaceutical research and biotechnology companies, which are devoted to inventing medicines that allow patients to live longer, healthier, and more productive lives. PhRMA companies are leading the way in the search for new cures. PhRMA members alone invested an estimated $44.5 billion in 2007 in discovering and developing new medici
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SOURCE Pharmaceutical Research and Manufacturers of America
Copyright©2009 PR Newswire.
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