Rep. Katie Porter

@RepKatiePorter ↗

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Last Checked Jan. 3, 2020

Created

Sat Oct 12 17:29:09 +0000 2019

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190

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Rep. Katie Porter @RepKatiePorter

Big Pharma likes to say they “need” money from price hikes to research new cures. This work is important, but it’s not the full story. (3/6) — PolitiTweet.org

Posted Oct. 12, 2019

Preceded By

Rep. Katie Porter @RepKatiePorter

My legislation, the Freedom from Price Gouging Act, requires pharmaceutical companies to pay the government back for unnecessary price hikes on drugs covered under Medicare Part B. If the price increase is more than inflation, taxpayers shouldn’t foot the bill. (2/6) — PolitiTweet.org

Posted Oct. 12, 2019

Followed By

Rep. Katie Porter @RepKatiePorter

From 2006-2015, Big Pharma spent $465 billion on research and development. In that same time period, drug companies spent $516 billion to buy back their own stock from shareholders. These buybacks mostly enrich the already wealthy—like CEOs. (4/6) — PolitiTweet.org

Posted Oct. 12, 2019