November 05, 2015
TPP Text Proves Seniors Have Been Right to Worry About Higher Prescription Drug Prices
The following statement was issued today by Richard Fiesta, Executive Director of the Alliance for Retired Americans, following the Obama Administration’s release of the text of the Trans-Pacific Partnership (TPP) trade deal.
“Now that the final wording of the Trans-Pacific Partnership trade deal has been made public, we know that seniors are right to be worried about the agreement’s effect on prescription drug prices.
“Indeed, the deal would keep lower cost generics drugs off the market and line the pockets of pharmaceutical industry executives.
“Prescription drug prices grew by 13% in the U.S. last year even without this impediment to affordability.
“Alliance for Retired Americans activists will join with others fighting this bad deal, including working families, public health advocates and environmentalists, to defeat the TPP.”