House Tri-Committee Bill Would Hurt Patients and...(recession. In addition the legislation ...),Health

"Under the House bill, we're concerned that the federal government will wind up rationing health care and dictating what medicines doctors can prescribe to their patients. This may well prevent patients from gaining access to the critically important medicines they need to fight diseases such as cancer, diabetes and heart disease.

"What's more, even the Congressional Budget Office has said that government negotiation of Medicare Part D prices would save little, if any, money.

"While we will continue to work toward supporting comprehensive health care reform, we will vigorously oppose legislation that hurts patients and the American economy."

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 $50.3 billion in 2008 in discovering and developing new medicines. Industry-wide research and investment reached a record $65.2 billion in 2008.

    PhRMA Internet Address:http://www.phrma.org
    For information on stories of hope and survival, visit:
   http://sharingmiracles.com/
    For information on how innovative medicines save lives, visit:
   http://www.innovation.org
    For information on the Partnership for Prescription Assistance, visit:
   http://www.pparx.org
    For inform
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SOURCE  Pharmaceutical Research and Manufacturers of America
Copyright©2009 PR Newswire.
All rights reserved

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