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Year after year, the cost of prescription drugs increases by double digits - 10% last year and 12% in 2014. But seniors and Americans with disabilities aren’t getting double digit cost of living increases to keep up.
That means that these massive drug price hikes are a de-facto cut to Social Security checks – and Big Pharma billionaires are pocketing the profits. This is theft of our earned benefits!
But the American people won’t stand for these abuses any longer. Right now, we have an opportunity to fight the pharmaceutical industry head-on.
The Party platform can set the agenda for the next president and the next Congress. And this is a fight we can win.
On average, 37% of each Social Security check goes toward out-of-pocket health-care costs, and a huge part of these costs are drug prices. This has devastating consequences for Americans around the country. 20% of the population – 35 million people – didn’t fill a prescription because they could not afford to.
There is no reason for this to be happening in the United States, the wealthiest country in the history of the world! No one should have to choose between putting food on the table and taking the medications they need to stay healthy.
In 2013, the United States spent nearly 40% more per person on prescription drugs than Canada, the next most expensive industrialized nation.
We must fight back!
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