CBS 60 Minutes Report on Drug Companies' Abuse in Cancer Drugs is Another Reason We Need the Affordable Care Act. Pressler is the Only Candidate in the Senate Race who Advocates the Affordable Care Act.
Sioux Falls, SD, October 6 2014 – Proof that the large pharmaceutical companies are just plain lying to American public came on the Sunday evening 60 Minutes when they revealed how insurance companies arbitrarily set extravagantly large prices for cancer drugs with no cost basis and basically give some doctors a kickback. “It is outrageous news,” said Senator Larry Pressler. “This proves the need for the Affordable Care Act.”
Pressler contrasted his position on this issue with Governor Rounds who advocates repealing Obamacare and replacing it with an insurance scheme with no cost controls or referees. Mr. Weiland advocates expanding Medicare, which has no similar built in cost controls or referees. Also, Medicare is adding about 25% of its cost to the national debt each year so it is not a PAYGO situation. The ACA is on a PAYGO basis.
“South Dakotans are being lied to by several major corporations including large pharmaceutical companies and Burlington Northern Railroad on grain shipping matters. Both need more severe government regulation and the Affordable Care Act will take a step toward curbing the pharmaceutical companies’ abuses,” said Senator Pressler.
“Medicare does not have such controls. So advocating for expanding Medicare for everyone will only exacerbate the current problem. Conservative Republican county commissioners all over South Dakota tell me they want the Affordable Care Act so there can be a referee or some cost controls from big hospitals, doctor’s groups, and especially the pharmaceutical companies. For example, if a little old lady in Clark Country falls and breaks her shoulder, she’s sent to a hospital in Minnesota or South Dakota and county commissioners might get bill for $120,000 six months later with no way to negotiate. The Affordable Care Act will give them controls and referees, the cities can pay a fair transparent price, and there will be less abuse of people by large corporations.”
Pressler said, “I have lost all confidence in today’s large corporations acting in public interest. We need the Affordable Care Act. I believe that last night’s 60 Minutes indicates that my approach to healthcare for South Dakota is the best of any of the U.S. Senate Candidates.”