The California Life Sciences Association believes that increased patient costs are a critical problem that must be addressed. If one patient can't afford medicines, that is one patient too many.
However, we are gravely concerned about growing bipartisan support for importing foreign price controls. Both the Trump administration and Sen. Kamala Harris' (D-Calif.) presidential campaign have proposed foreign price controls to lower drug costs. While the proposals differ in significant ways, importing foreign price controls will do little to lessen the financial burden for patients. Rather, these short-sighted proposals will hinder access to needed treatments and discourage medical innovation.
