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AAN ad hits Kim on Medicare negotiation bill

Measure would bring down drug prices, supporters say

By Nikita Biryukov, October 21 2019 11:00 am

A Republican-aligned dark money group put a new ad attacking Rep. Andy Kim on the air this weekend.

The American Action Network’s ad hits Kim on a bill he co-sponsored that would allow Medicare to negotiate prices for certain drugs, a practice that is currently barred to the national health insurance program.

“How much is your life worth? Liberals are pushing a socialist plan to put government in charge of prescription drug prices. Radically changing Medicare seniors depend on,” the ad says. “In other countries with socialist health care, patients wait months or years for vital treatments. Life-saving drugs aren’t available because government decides which treatments are worth the cost. Tell Congressman Andy Kim: stop the socialist takeover of your prescription drug benefits.”

The bill allows Medicare to negotiate prices for insulin and at least 25 other drugs that do not have generic competitors and are among the 125 drugs that cost the government the most money.

Under the bill, prices negotiated by Medicare could not exceed 120% of the average price in Australia, Canada, France, Germany, Japan and the United Kingdom, or 85% of the average price paid by wholesalers, if the former is unavailable.

The bill’s proponents say allowing the public insurance system to negotiate drug prices will bring down the program’s costs by cutting drug spending. It’s opponents say such negotiation will limit Medicare’s access to drugs.

The AAN is making buys on top of the 30-second TV spot in Kim’s district.

Reps. Tom Malinowski and Frank Pallone, the bill’s prime sponsor, will both face attacks over the measure through mail, print, and digital ads.

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