STATEMENT: MCCARTHY PLAN WILL RAISE PRESCRIPTION DRUG PRICES FOR MILLIONS OF AMERICANS

FOR IMMEDIATE RELEASE 
September 23, 2022

Contact: 
Jack Miller, Communications Director
[email protected]

STATEMENT: MCCARTHY PLAN WILL RAISE PRESCRIPTION DRUG PRICES FOR MILLIONS OF AMERICANS

House Minority Leader Supports Big Pharma and Higher Costs

WASHINGTON, D.C. — House Minority Leader Kevin McCarthy says he plans on raising prescription drug costs for millions of Americans and repealing large portions of President Biden’s agenda if Republicans take the majority next year.

According to Axios, “Republicans are not giving up the fight against sweeping measures aimed at lowering prescription drug prices, and give a glimpse of what their health agenda could look like.”

Invest in America senior adviser Zac Petkanas issued the following statement:

“The Inflation Reduction Act is a historic win over special interests and pharmaceutical companies. That’s why Kevin McCarthy’s plan to repeal this bill is a big wet kiss to Big Pharma that will raise prescription drug prices and health care costs for millions of American families.

“McCarthy calls his plan a ‘Commitment to America’ but the only thing it commits Americans to is higher costs.”

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources.

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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