Tom Steyer on Health CareDemocratic Presidential Challenger; CEO | |
V.P. Joe BIDEN: The proposal I lay out limits drug cost. It allows Medicare to negotiate with drug companies for the price. It sets a system whereby you cannot raise the price of a drug beyond the cost of medical inflation.
STEYER: Look, we've had this conversation so many times. Everybody on this stage believes that affordable health care is a right for every single American. And it makes no sense and the government has to step in. I do agree with Vice President Biden that we should move and develop the Affordable Care Act with a public option. But the real question is this: This is not a new problem. Why do we keep having this conversation? We have a broken government. It has been bought by corporations that include the drug companies, the insurance companies, and the private hospitals. How do we actually break the corporate stranglehold on our government so that we can get any of these things passed?
Rampant excesses of the pharmaceutical industry have put many life saving medications out of reach for America's patients. We must utilize the power of the federal government to negotiate lower prices for patients and break the corporate stranglehold that the pharmaceutical companies have on our health care system.
STEYER: We have a group of corporations led, really, by the drug companies who've bought our government. If you look at how we're being treated under law by those companies, it is somewhere between infuriating and scary. They charge us more than they charge any other people in the whole world, sometimes 10 times more for the same drugs. And in this case, they're actually working to preserve long-term extremely valuable monopolies for themselves. But it's much bigger than that. These companies are controlling what's going on in the government. They charge us what they want. We can't go to Canada to buy the same drug much cheaper. And in fact, the government is prevented legally from negotiating with them. What's going on here is we're going to have to break ultimately the power of these corporations to own our government and to control what happens to us.
STEYER: The way that we can go after that is by directing science through universities, through research to solve the problem. So if you look at what Mr. Trump has done, he has cut research funding across the board in every one of his different budgets. I think that's the exact wrong thing to do. What we should be doing in a case like trying to come up with solutions to AIDS, with cures for AIDS, is going directly to the best scientists and funding them as much as necessary, as much as conceivably effective to make sure that we solve this problem.