Hatch-Waxman: “If It Ain’t Broke Don’t Fix It”

Hatch-Waxman: “If It Ain’t Broke Don’t Fix It”

The 60 Plus Association, representing over a half-million seniors, strongly opposes S. 812, sponsored by Senators Charles Schumer (D-NY) and John McCain (R-AZ). S. 812 seeks to make changes to the existing Hatch-Waxman Act of 1984, which created a thriving generic drug market. There now exists a well balanced market for generic as well as brand drugs, therefore this legislation is not needed and in fact is bad medicine for seniors. It reminds me of the old saying, ‘if it ain’t broke, don’t fix it.’