Kent Kaiser: Congress: Drive a Stake Through the Heart of Socialist Drug Price Controls
The Lower Drug Costs Now Act (H.R. 3) and similar proposals keep rearing their heads in Congress with the purported aim of lowering prescription drug prices and improving Medicare. The problem is, such proposals are shortsighted and ultimately lead to lower quality, fewer options, and diminished health outcomes. H.R. 3, which has been around for years and like a vampire just won’t seem to die, would cap prescription drug prices at no more than 120 percent of…
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