New Report: Obama Administration Proposal in 'Jobs Bill' Would Destroy 238,000 Jobs

WASHINGTON, Oct. 14, 2011 /PRNewswire-USNewswire/ -- On Monday, October 17th at 9:30 a.m., the American Action Forum will release a new analysis showing that forcing Medicaid-style price controls on the Medicare prescription drug program would hurt patients, industry and workers. The analysis, "Employment Impact of Proposed Mandatory Part D Drug Rebates," concludes that the plan to add these rebates would destroy 238,000 jobs across the industry.

The report is co-authored by Douglas Holtz-Eakin, former Congressional Budget Office Director and President of the American Action Forum, and Michael Ramlet, Director of the Forum's Operation Healthcare Choice, and Robert A. Book, Ph.D.  The specific findings of the analysis will be released Monday morning during a press conference call.

WHO: Douglas Holtz-Eakin, president of the American Action Forum
Michael Ramlet, director of the Forum's Operation: Healthcare Choice

WHAT: Press Conference Call to release the findings of "Employment Impact of Proposed Mandatory Part D Drug Rebates," by Douglas Holtz-Eakin, Robert A. Book & Michael Ramlet

WHEN: 9:30 a.m. EDT, Monday, October 17, 2011

WHERE: call-in number:  (866) 240–5139  
To RSVP for the call, please contact Chris Georgia, 920.639.8646 or [email protected]

The American Action Forum is a forward-looking policy institute dedicated to keeping America strong, free and prosperous. The Forum produces real-time, fact-based, innovative policy analysis and solutions for policy makers and the public alike. Our mission is to promote common-sense, innovative and solutions-based policies that will reform government, challenge out-dated assumptions, and create a smaller, smarter government that will serve its citizens better.

SOURCE American Action Forum