, Senator Lee, our staff, his staff who have worked well together. As well as Senator Grassley who is with us. Who has been such a leader when it comes to this competition issues. Thank you for being here, Senator Grassley. This is the latest in the Competition Policy Committee hearings, examining american monopoly problems. Today, we will focus on the lack of competition in our Prescription Drug markets. The stakes could not be higher. According to the center for care services, Health Care Spending accounted for 17. 7 percent of growth in 2019. More than 16 of the american economy. That is projected to rise to 19. 7 by 2028. Rising Prescription Drug prices is a key driver in those numbers. But, it is not just about gdp. It is also about the all too real human cost we will hear about today. For some, the ability to access Prescription Drugs is what enables them to work, care for their families and loved ones. To just get through the day without excruciating pain. For others, access to
This hearing runs two hours and 15 minutes. [inaudible] [inaudible conversations] [inaudible conversations] [inaudible conversations] i want to thank my colleague and our staff and his staff who work very well together as well as Senator Grassley who has been such a leader when it comes to these competition Issues Way before ites was cool so thank yu for being here, Senator Grassley. This is the latest in the Subcommittee Series of hearings examining americas monopoly problem. Today we are going to focus on the lack of competition in the Prescription Drug markets. The stakes could not be higher according to the centers of Medicaid And Medicare services, Healthcare Spending accounted for 17. 7 of u. S. Gross domestic products in 2019. That is more than 16 of the american economy. That is projected to rise to 19. 7 by 2028. And rising Prescription Drug prices is a key driver in those numbers but it isnt just about gdp. Its also about the all too real human cost that we will hear about to
, Senator Lee, our staff, his staff who have worked well together. As well as Senator Grassley who is with us. Who has been such a leader when it comes to this competition issues. Thank you for being here, Senator Grassley. This is the latest in the Competition Policy Committee hearings, examining american monopoly problems. Today, we will focus on the lack of competition in our Prescription Drug markets. The stakes could not be higher. According to the center for care services, Health Care Spending accounted for 17. 7 percent of growth in 2019. More than 16 of the american economy. That is projected to rise to 19. 7 by 2028. Rising Prescription Drug prices is a key driver in those numbers. But, it is not just about gdp. It is also about the all too real human cost we will hear about today. For some, the ability to access Prescription Drugs is what enables them to work, care for their families and loved ones. To just get through the day without excruciating pain. For others, access to
Gaveltogavel house coverage. The house will create a commission to investigate the january 6 attack on the u. S. Capitol. In the senate this morning, republican leader mcconnell already announcing his opposition to the proposal. Final vote is expected in the house later this afternoon. Around 5 00 p. M. Eastern. Live now to the House Floor on cspan. The speaker pro tempore the house will be in order. The prayer will be offered by chaplain kibben. Chaplain kibben would you pray with me. Holy god, abide with us in our walk this day. When the Path Isnt clear, grant us the gift of youR Discernment. When we stumble over our own pride, pick us up and strengthen us with humility. Should we be caught in the web of deceit, free ustby your truth us by your truth. When temptation lures us offcourse, hold us accountable to the direction you intend for us. If along the way we should be injured by another in word oR Deed, fill our hearts and minds with forgiveness. When we are detoured by demands, h
Conducted initial research and put out a request for a private company to work with them to develop a vaccine for the zika virus. Santa fe was the only company to reach an agreement with the u. S. Army in june, 2016. Senator Bernie Sanders demanded that the army require reasonable pricing language, also known as price control, in the deal. In response, they noted, we cant undermine the price of a vaccine we havent even made yet and said that its premature to consider or predict Zika Vaccine Pricing at this early stage of development, end quote. They said the proposed license would make royalty payments to the government and its exclusive license would not prevent other companies from developing competing vaccines. Following relentless media attacks, santa fe announced it would not continue development of or seek a license to develop a vaccine. There is still no vaccine for the zika virus. The taxpayers funded the research, a private company agreed to take the but this whole effort fail