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Deroy Murdock: Democrats plot War on New Drugs with $3.5T spending bill

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Fox News congressional correspondent Chad Pergram reports on the latest response from both parties.

Total Democratic Party control of Washington has yielded, for starters: An Afghan meltdown, bedlam on the "border," a bloody crime surge, energy woes, mounting inflation, and racial tension.

Next stop: Your medicine chest.

Joe Biden, Nancy Pelosi, and Bernie Sanders' $3.5 trillion spending orgy includes a poison pill -- almost literally.

The Congressional Budget Office estimates that H.R. 3 (AKA the Lower Drug Costs Now Act) would help "pay for" this fiscal incontinence by squeezing $581.6 billion from the pharmaceutical industry over the next 10 years.


More than just a simple tax on "evil, drug companies," this measure would blackmail this sector, chop into its bottom line, and torpedo research and development into future therapies. Down the road, this means more ailments and earlier deaths for everyday Americans. In other words, just another day at the office for Democrats.

H.R. 3 would force pharmaceutical manufacturers to haggle over prices with federal functionaries. But this is not the bargaining between buyers and sellers that occurs daily across America. H.R. 3 defines "negotiation" as Washington bureaucrats dictating an amount that they feel like paying for a drug, based on overseas price controls mandated via socialized medicine. Those fixed prices would regulate all sales – to Medicare, Medicaid, and private insurers.

And what if a drug company resists this new policy? That's when........

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