Next week, negotiators will meet in Washington, DC for another round of negotiations on the Trans-Pacific Partnership (TPP). The Alliance for Retired Americans strongly opposes this so-called free trade deal for several reasons. For starters, it has the potential to ship jobs overseas, further endanger the quality of our food supply - and make prescription drugs more costly.
The Medicaid Drug Rebate Program requires drug manufacturers to have a national rebate agreement with the Secretary of Health and Human Services in order for their products to be covered by Medicaid programs. The rebates are set by federal statute and range from 13% to 23% of the manufacturer’s average price. Because the rebates are set by federal statute, drug companies could use the TPP to challenge the discounts for not being based on market-derived prices or for failing to appropriately recognize the value of the patent.
Drug manufacturers could also use the TPP to challenge future rebates in the Medicare program for low-income beneficiaries.
That's why we'll be joining our allies who are opposed to this deal at a rally outside the U.S. Trade Representative's office on Monday December 8 at noon. Will you join us?
What: Rally outside the TPP Negotiations
When: Monday, December 8, 2014
12 noon
Where: Outside the Office of the U.S. Trade Representative
600 17th St NW * Washington, DC
If you are able to attend, please let us know at aracommunications@retiredamericans.org.
Learn more about the TPP by watching this new video: https://www.youtube.com/watch?v=DnC1mqyAXmw
Find out more, speak up and spread the word:
http://www.StopFastTrack.com; http://www.ExposeTheTPP.org; http://www.sumofus.org/tpp
The Trans-Pacific Partnership (TPP) could cost us our internet freedom, labor rights, access to affordable medicine, the safety of our food, and protections that keep our water and air clean.
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