Michael K. Simpson Quotes
While I recognize the great value and importance of prescription drugs and strongly support a continued U.S. focus on pharmaceutical research and development, our nation's seniors cannot be asked to subsidize the drug costs of other wealthy industrialized nations any longer.
Simpson, Michael K. "The Rising Cost of Prescription Drugs." Congressional Record, vol. 149, U.S. Government Publishing Office, 2003.
In order to obtain the support for Obamacare from the Pharmaceutical industry, Obama, agreed to take this power away from the government.
The “inflated prices” refers to the fact Americans pay more for pharmaceuticals than any other country in the world as the American government allows the companies to charge any amounts while other governments either negotiate or mandate much lower prices.
Michael Keith Simpson is an American politician serving as the U.S. Representative for Idaho's 2nd congressional district since 1999. A member of the Republican Party, he was first elected in the 1998 elections, succeeding Mike Crapo. Simpson previously served as an Idaho State Representative (1984–1998) and was Speaker of the Idaho House of Representatives from 1992 to 1998.