Plescia stands for Freedom…opposes price controls…
Today, in a sharp step away from the free-market principles of Ronald Reagan and Milton Friedman, Govenor Schwarzenegger has entered into an alliance with the most liberal elements of our State Legislature to impose government price-controls on prescription drugs.
THIS IS HORRIBLE PUBLIC POLICY.
I cannot say it any better than Assembly Republican Leader George Plescia in the following statement just released from his office:
“Republicans agree that expanding access to prescription drugs is an important priority, but we have many serious concerns about this prescription drug plan.
“By forcing companies to cut drug prices through price controls, which is the practical effect of this measure, we will jeopardize the development of life-saving drugs for all 35 million people in our state, drive up health insurance costs for all insured Californians, and threaten the jobs of thousands of highly skilled workers in this critical industry.
“Using a heavy-handed approach to force drug companies to participate may have the unintended and dangerous consequence of taking away critical medications for vulnerable Californians… Read More