Posted by Michael Wonder on 25 Aug 2021
Don’t meddle with Medicare to save a budget
25 August 2021 - House Democrats this week approved a $3.5 trillion budget framework that has already passed the Senate.
To help offset this mountain of new spending, law makers in both chambers want to allow federal officials to “negotiate” prices for prescription drugs.
President Biden has lent his full throated support to this effort. But law makers aren’t completely levelling with American people about the consequences of their policies. Economists, health care experts, and sober-minded policymakers have long recognised that to actually save money, government negotiators would have to restrict patients’ access to medicines.
