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Joe Biden promised that he would cure cancer and reduce medicines prices. He failed in both. Its signature bill, the inflation reduction law, increased the prices of medicines and made it difficult to cure cancer with regulations such as the disastrous penalty of pills, which President Trump recently said in an executive order that will be solved.
But Biden didn’t stop there. Working in concert with extreme liberals such as Bernie Sanders and Nancy Pelosi, he supported the disastrous drug prices in Europe through the international reference of the nation (MFN) of the prices of medicines, which are nothing more than cancer of cancer Mandate-Mandate-Mandate-Mandate-Mandate-Mandate-Mandate-Mandate-Mandate-Mandate-Mandate-Mandate-Mandate-Mandate-Mandate-Mand-Mand-Mand-Mandate) Electric Electric Electric their most electrical elect their manifest electrical electrical electrical electrical electrical electrical electrical electrical electrical electrical electrical electrical electrical electrical electrical electrical electrical electrical))))
Patients who need innovative priests cannot afford their crazy ideas. Just ask European patients, who must expect an average of 512 days to obtain new medicines for cancer, Alzheimer’s and other Threating diseases. That is a year and a half that the prescription medications that need due to price controls cannot obtain.
And American drugs that save lives that should expect European would probably never come if we import their price controls through MFN or reference prices, since any of the whims kill innovation in the United States.
It has happened before. Europe used to be a leader in the development of new drugs. Few Americans realize that until the 1980s, Europe was the Global Pharmaceutical Research and Development Center. That changed dramatically when Europe adopted socialist price controls in drugs.
The continuous were quick and devastating. European pharmaceutical companies relocated their operations in the United States, which sacrificed a more friendly environment for innovation.
The results speak for themselves. Since 2014, approximately 600 new medications have been approved in the US., Many represent progress in the first place. The United States invents drugs more innovative than any other nation, which gives Americans the earliest access to avant -garde treatments, while creating a prosperous industry that supports about 5 million US jobs in more than 1,500 investigations and manufacturing.
European Biden, Bernie and Pelosi prices controls would make everything disappear. Worse, its recipe would allow China to replace the United States as a leader in pharmaceutical innovation. Take 5 million jobs, send them to China and call me in the morning.
While MFN and defenders of reference prices create uncertainty, the Chinese Communist Party is in motion. The clinical trials of Chinese companies now represent 30 percent of the global drug trial, quickly addressing 35 percent of the United States. China’s R&D investment is expanding at almost triple the United States, increasing by 2,600 percent from 2000 to 2021.
The new Chinese companies backed by CCP are gradually displacing US biotechnology companies in the innovation pipe. Only in 2024, 31 percent of innovative license drugs for multinational corporations from China, comprising 48 agreements worth $ 8.4 billion in initial payments, a higher record.
This dramatic change is not accidental; The CCP supports it. China includes the national security imperative to have a prosperous pharmaceutical industry. They are pointing to our pharmaceutical companies for extinction. If they control the pipe of new medications and treatments, they can recreate the dangerous dependence of the Chinese -manufacturing medical equipment that occurred and maintained hostages. We just know if the drugs they make are safe.
President Trump understands this, so he is working to keep the United States as a world leader in the development of national security medicines and patients. The Trump administration can and should renegotiate international trade agreements to demand that European governments pay fair prices on the market. The United States invents most of the new medicines in the world, but we have a world commercial deficit of $ 117 billion in pharmaceutical products, largely due to European price controls in US drugs. President Trump can eliminate that deficit by forcing Europe to stop freeading in American innovation.
President Trump has the historical opportunity to reduce drug costs and cure diseases such as cancer, Alzheimer’s, diabetes and more. It is causing the United States to be healthy again, by increasing prevention and detection; Eliminate insurance and hospitals intermediaries that increase US drug costs; and unleash the industry to develop new priests.
Adopting Biden’s failed strategy to import socialist price controls in medicines is a proven failure, and would allow China to replace the United States as a world leader in innovative medicines. Grateful, President Trump knows better.
