Voters send clear pro-market wake-up call to Washington

As the COVID-19 pandemic recedes, Americans recognize how effectively Congress functioned under emergency conditions when members worked across party lines and alongside private industry — rather than against the private sector — to tackle the worst public health threat in a century.

Unfortunately, many in Congress appear eager to disregard that lesson. As we emerge from the crisis, too many in Washington are already reverting to familiar partisanship and antagonizing the same private sector that brought lifesaving vaccines to market in record time.

Those politicians’ “my way or the highway” approach to health care reform now singularly centers on more government intervention, directly contravening the American people’s preference. Whether in the form of international price indexing, direct price caps, Medicare “negotiation,” a Medicare “public option” or penalizing manufacturers who can’t satisfy below-market government price demands, lawmakers’ primary proposals too often involve direct government intervention in the market.

Recent data make clear this big-government approach simply doesn’t resonate across the country. Specifically, seven in 10 voters say the federal government’s role should be providing oversight and incentives, not setting prices or dictating coverage.

Despite voters’ overwhelming preference for a “light touch” approach to health care, a thin majority in the House still stand stubbornly behind Nancy Pelosi’s H.R. 3, choosing extremism over compromise. The same bill failed in Congress two years ago, but Democrats reintroduced H.R. 3 as their signature drug pricing proposal for the 117th Congress, supporting the bill despite bipartisan efforts from Republicans to find common ground and propose compromise legislation like H.R. 19.

Unsurprisingly, more than six in 10 voters prefer the bipartisan approach of H.R. 19 over Pelosi’s hyper-partisan H.R. 3 as the best way to address prescription drug costs. Voters also understandably oppose using Medicare offsets or burdensome new taxes on prescription drugs to pay for the Biden administration’s major spending proposals, such as his $6 trillion budget or massive “infrastructure” spending scheme. Voters simply don’t want Washington singling out prescription drug companies to pay for wasteful new spending. After all, that’s the same U.S. private pharmaceutical industry that mobilized faster than any nation in the world or any other time in history to bring effective COVID-19 vaccines to market.

With trillions in new spending proposals despite rising inflation and what has been a rapidly improving economy thanks to COVID19 vaccines, some lawmakers nevertheless seek to punish private sector innovators by imposing price controls and penalties in order to pay for over-the-top, unrelated legislation.

Making matters worse, and cutting yet again against Americans’ preference for bipartisanship, the Senate’s even 50-50 split prompts Democratic leadership to use reconciliation to pass such legislation to overcome any filibuster. In turn, that means they must offset the costs of new spending by targeting the same private sector vaccine-makers that are responsible for getting us to the brink of ending COVID-19.

This deceptive and bareknuckle partisan maneuver contradicts the clear wishes of voters, who oppose the big-government, anti-private sector H.R. 3 legislation, especially since it would cause delays in access to new prescription drugs, reduce access to new cancer medicines for seniors, lead to the elimination of biopharmaceutical industry jobs and result in fewer new medicines developed in the future.

To top it all off, deepening its broader anti-private sector agenda, the White House recently caved to far-left progressive calls to abandon the world’s most important intellectual property protections — those that led to successful COVID-19 vaccines in record time — by agreeing to support the World Trade Organization Trade-Related Aspects of Intellectual Property Rights (TRIPS) waiver. In other words, the current administration would rather surrender hard-won American IP to global competitors like China, an action that would be irreversible.

With behavior like that, it’s no wonder why congressional approval sits at 31%.