Democrats are on the lookout for methods to finance their $3.5 trillion reconciliation invoice and one plan is to place worth controls on prescribed drugs. If enacted, these insurance policies would hurt sufferers enormously. Removed from saving cash, worth controls would make higher well being costlier.
The Biden White Home has proposed requiring Medicare to “negotiate” drug costs. Firms face a tax as excessive as 95% on gross sales in the event that they don’t concede to the federal government worth, which means this isn’t a negotiation however a requirement. Drug firms must provide business insurers the identical charges. The plan would additionally tie worth will increase to inflation, which is able to solely translate to greater costs for medicine at launch.
https://www.wsj.com/articles/bidens-price-controls–more-expensive-drugs-pills-11631740741 | Biden’s Worth Controls Will Make Good Well being Extra Costly