Tim
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Well, there's one big one that has begun to come to light because President Trump just issued an executive order just last week on this. And it's inside the poorly named. I know everyone loves to name bills on the left. They name bills for exactly what they are not. But inside the Inflation Reduction Act, which did absolutely nothing
to solve the problem of inflation that Joe Biden left President Trump inside the IRA there was something that's been come to be known as the Biden pill penalty. And what that is, is Joe Biden favored one form of medicine over another form of medicine. He favored what are called large molecule medicines.
to solve the problem of inflation that Joe Biden left President Trump inside the IRA there was something that's been come to be known as the Biden pill penalty. And what that is, is Joe Biden favored one form of medicine over another form of medicine. He favored what are called large molecule medicines.
Think of things that you have to go to the hospital for, IVs and infusions, injections, those sorts of things. favored those at the expense and discriminated against pill form medicine. And that's just a ridiculous idea because pills are 71% cheaper on average than other forms of medicine. They're cheaper to make, they're cheaper for patients, they're cheaper for the entire healthcare community.
Think of things that you have to go to the hospital for, IVs and infusions, injections, those sorts of things. favored those at the expense and discriminated against pill form medicine. And that's just a ridiculous idea because pills are 71% cheaper on average than other forms of medicine. They're cheaper to make, they're cheaper for patients, they're cheaper for the entire healthcare community.
And look, patients groups, doctors groups, yeah, pharmaceutical companies, business groups, conservative groups, everyone told the Democrats at that time, if you do this, this is what's going to happen. And so it passed with zero Republican votes. And what came to pass was exactly what was predicted. 70%, three quarters of the R&D dollars have moved away from pills. That means that
And look, patients groups, doctors groups, yeah, pharmaceutical companies, business groups, conservative groups, everyone told the Democrats at that time, if you do this, this is what's going to happen. And so it passed with zero Republican votes. And what came to pass was exactly what was predicted. 70%, three quarters of the R&D dollars have moved away from pills. That means that
No new breakthroughs are happening. And we're talking about mental health drugs, Alzheimer's drugs, cancer drugs, those sorts of things. That means fewer pills hitting the market, raising costs for everyone. And again, pills are the cheaper, more effective way that people get their drugs, 71% cheaper on average. And that's what Joe Biden left us. The Biden pill penalty.
No new breakthroughs are happening. And we're talking about mental health drugs, Alzheimer's drugs, cancer drugs, those sorts of things. That means fewer pills hitting the market, raising costs for everyone. And again, pills are the cheaper, more effective way that people get their drugs, 71% cheaper on average. And that's what Joe Biden left us. The Biden pill penalty.
And there is legislation in Congress to fix that. It's called the EPIC Act, but more likely it'll be in the, as the president calls it, the big, beautiful budget reconciliation bill where Congress can do that. It's the Biden pill penalty, and it really, it's raising costs of the healthcare system. Heck, Joe Biden said he was gonna be the guy who cured cancer.
And there is legislation in Congress to fix that. It's called the EPIC Act, but more likely it'll be in the, as the president calls it, the big, beautiful budget reconciliation bill where Congress can do that. It's the Biden pill penalty, and it really, it's raising costs of the healthcare system. Heck, Joe Biden said he was gonna be the guy who cured cancer.
Well, he actually made it more difficult by discriminating against and discouraging the creation of life-saving pills, life-saving medicines that people are used to. It's disgraceful.
Well, he actually made it more difficult by discriminating against and discouraging the creation of life-saving pills, life-saving medicines that people are used to. It's disgraceful.
Yeah, so it's an executive order that addressed the reduction of prescription drugs for Americans, which is of main concern. I'm paying attention to this. I have elderly parents and, like most people, other elderly people in my family, and the cost of the system is of great concern. And the EO that he signed instructs the Secretary of Health and Human Services to
Yeah, so it's an executive order that addressed the reduction of prescription drugs for Americans, which is of main concern. I'm paying attention to this. I have elderly parents and, like most people, other elderly people in my family, and the cost of the system is of great concern. And the EO that he signed instructs the Secretary of Health and Human Services to
that's Robert F. Kennedy Jr., of course, to work with Congress, specifically mentioned in the EO, is to get rid of what's known as the Biden pill penalty. Now, another way that the Biden pill penalty has been terrible, think about generic drugs. Generic drugs are a very cost-effective way that a lot of people get their medication.
that's Robert F. Kennedy Jr., of course, to work with Congress, specifically mentioned in the EO, is to get rid of what's known as the Biden pill penalty. Now, another way that the Biden pill penalty has been terrible, think about generic drugs. Generic drugs are a very cost-effective way that a lot of people get their medication.
Think of Lipitor, for example, which is a well-known cholesterol drug. Because of generics entering the market, People can get their cholesterol medicine for basically pennies per dose. Well, the Biden pill penalty flatly discourages generics from even entering the market. And so those cost reductions never occur. And Charlie, I know this will resonate with the MAGA community here.
Think of Lipitor, for example, which is a well-known cholesterol drug. Because of generics entering the market, People can get their cholesterol medicine for basically pennies per dose. Well, the Biden pill penalty flatly discourages generics from even entering the market. And so those cost reductions never occur. And Charlie, I know this will resonate with the MAGA community here.
Guess who has noticed this? what's going on with the Biden pill penalty. You're never going to believe it, but China, China knows what's going on and China knows an opportunity when they see it.