This upcoming Sunday, the people of Venezuela will hold an election that, if legitimate, would put an end to years of the oppressive Maduro narco-regime. U.S. Senator Marco Rubio (R-FL) issued a statement in support of the Venezuelan people: “The...
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Este próximo domingo, el pueblo venezolano tendrá una elección que, de ser legítima, pondría fin a años de opresión por parte del narco-régimen de Maduro. El senador estadounidense Marco Rubio (R-FL) grabó un mensaje de video en español y emitió una declaración en...
Rubio, Scott, Colleagues to Biden Admin: No Privileges Should Be Given to 9/11 Terrorist
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Next Week: Rubio Staff Hosts Mobile Office Hours
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Rubio, Colleagues Introduce Ensuring Continuity in Veterans’ Health Act
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Rubio Introduces Bill to Strengthen U.S.-India Security Partnership
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ICYMI: Rubio Calls for Stronger Medical Supply Chains to End Drug Shortage
We need stronger medical supply chains to end national drug shortage
U.S. Senator Marco Rubio (R-FL)
May 28, 2023
Washington Times
Last fall, parents lived in fear as common antibiotics like amoxicillin went out of stock. Now, our nation is experiencing another dangerous supply chain shortage…. Medication for breast cancer and leukemia, adenosine used to treat heart disease, and critical antibiotics are all in short supply….
The core problem is a familiar one: our leaders spent decades encouraging industry to consolidate and offshore…. Today, about 70 percent of generic drug production and about 90 percent of generic active pharmaceutical ingredient (API) production takes place overseas. The vast majority of that production is traceable to China. Meanwhile, widespread consolidation and integration of pharmaceutical intermediaries, like wholesalers and group purchasing organizations, has enabled just a few actors to dictate drug prices. Together, these factors have hollowed out what should be one of our strongest industries….
[In addition, my prediction] that the drug price controls enacted by the Inflation Reduction Act would “remove the incentive to produce innovative therapeutics for patients in dire need” [was accurate]. Unfortunately, not only did innovation slow, but the law prompted “a ‘race to the bottom’ in price” that made “expanding production…not economically viable.”
There is still time to get things right, though. We can start by passing the bipartisan Ensuring Timely Access to Generics Act. We can…pass my legislation, which would encourage companies that currently produce medical and pharmaceutical equipment abroad to relocate to the U.S. And we can repeal the Inflation Reduction Act’s deadly price controls….