Posted by Michael Wonder on 17 Sep 2019
Price controls for Medicare don't put America first
17 September 2019 - Instead of embracing drug price controls, the U.S. should pressure other nations to abandon them.
President Trump is reportedly planning his most ambitious executive order yet. It would require pharmaceutical companies to sell drugs to Medicare and Medicaid for the same prices they charge in other developed countries, where medicines are often far cheaper.
That might sound like the sort of bold, America-first policy we need to make drugs more affordable. It’s deeply unfair that wealthy nations like Canada and Germany can purchase medicines — typically invented in the United States — for a fraction of the price that Americans pay.
