At a time when working families continue to struggle, poll after poll shows that the vast majority of the American people support the provisions in President Joe Biden's $3.5 trillion Build Back Better Act. Some 88 percent believe we should lower the cost of prescription drugs, 84 percent believe we should expand Medicare to include dental care, hearing aids and eye glasses, 73 percent support establishing Paid Family and Medical Leave, and 67 percent want universal Pre-K. Further, 67 percent believe the federal government should raise taxes on high-income people and corporations to help pay for these desperately needed programs – which is what this legislation does. So, given this overwhelming support, why is it taking so long for Congress to pass this bill? The answer is simple. Follow the money. As part of our corrupt, big-money dominated political system, the pharmaceutical industry is now spending hundreds of millions of dollars on lobbying, campaign contributions and television ads to defeat this legislation because it does not want Medicare to negotiate for lower prescription drug prices. In order to increase their profits they want American taxpayers to continue paying, by far, the highest prices in the world for our medicine – sometimes ten times more than the people in other countries. Last year alone, while nearly one out of four Americans could not afford to fill the prescriptions their doctors wrote, six of the largest pharmaceutical companies made nearly $50 billion in profits and the ten highest paid executives in the industry made more than $500 million in compensation. In order to preserve their corrupt and greedy pricing system, the drug companies hired nearly 1,500 lobbyists, including former leaders of the Republican and Democratic parties, to protect their interests. That is 3 lobbyists for every member of Congress. Unbelievable!
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "At a time when working families continue to struggle, poll after poll shows that the vast majority of the American people support the provisions in President Joe Biden's $3.5 trillion Build Back Better Act. Some 88 percent believe we should lower the cost of prescription drugs, 84 percent believe we should expand Medicare to include dental care, hearing aids and eye glasses, 73 percent support establishing Paid Family and Medical Leave, and 67 percent want universal Pre-K. Further, 67 percent believe the federal government should raise taxes on high-income people and corporations to help pay for these desperately needed programs – which is what this legislation does. So, given this overwhelming support, why is it taking so long for Congress to pass this bill? The answer is simple. Follow the money. As part of our corrupt, big-money dominated political system, the pharmaceutical industry is now spending hundreds of millions of dollars on lobbying, campaign contributions and television ads to defeat this legislation because it does not want Medicare to negotiate for lower prescription drug prices. In order to increase their profits they want American taxpayers to continue paying, by far, the highest prices in the world for our medicine – sometimes ten times more than the people in other countries. Last year alone, while nearly one out of four Americans could not afford to fill the prescriptions their doctors wrote, six of the largest pharmaceutical companies made nearly $50 billion in profits and the ten highest paid executives in the industry made more than $500 million in compensation. In order to preserve their corrupt and greedy pricing system, the drug companies hired nearly 1,500 lobbyists, including former leaders of the Republican and Democratic parties, to protect their interests. That is 3 lobbyists for every member of Congress. Unbelievable!" in the context of "" to mean that wisdom is timeless.
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