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CSPAN Capital News Today July 8, 2009



significant differences of two points. one is i want to%g@ @ @ @ @ @å we had a president not particularly stronger pro- consumer, and we know the senate did not lend itself to a stronger bill, so for many of us it was thought as the best we could do to keep prices down, saving money for employers, saving money out of pocket for people, saving money for taxpayers, and when you did hatched-waxman and the terrific work you did on that, you can look at the difference in cost of chemical pharmaceuticals and living organisms reckon the 1990 s it was considered outrageously expensive. . that was considered outrageously expensive and the pharmaceutical that in those days cost $4,000, maybe it was $4,000 today, it was a pharmaceutical that cost $4,000. that was a high cost having a generic competing having a great difference there. we re talking about cancer drugs, and now it was 40,000. so without any kind of follow on biologic without any generic, we biologic without any gene ....

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