It will make medicine more expensive.
In an open letter to U.S. Trade Representative Michael Froman, a coalition of health care advocates wrote:
...provisions advanced by the U.S. in negotiations over the Trans-Pacific Partnership (TPP) Agreement would undermine our ability to moderate prescription drug, biologic drug and medical device costs in public programs such as Medicare and Medicaid.The group suggests that trade deals shouldn't, you know, wreck America's public health system. The letter ran as an advertisement in Roll Call, The Hill, and Politico, much-read Capitol Hill publications.
Here, for example, is how The TPP would raise health care costs, according to Expose the TPP:
The TPP would provide large pharmaceutical firms with new rights and powers to increase medicine prices and limit consumers' access to cheaper generic drugs. This would include extensions of monopoly drug patents that would allow drug companies to raise prices for more medicines and even allow monopoly rights over surgical procedures.The TPP could eliminate:
- Medicare Part D discounts for those who fall into the donut hole;
- Use of preferred drug lists by state Medicaid programs;
- Mechanisms that discourage the use of costlier treatments that are no more effective than existing, less expensive treatments;
- Medicaid prescription drug rebates;
- 340B discounts for prescription drugs distributed by safety net providers;
- The President’s proposal to implement drug rebates for low-income beneficiaries covered by Medicare; and
- The President’s proposal to reduce the patent exclusivity period for brand name biologics.