Democrats Vote to Raise Drug Prices

The Democrats who passed the Schumer-Manchin Act on Sunday voted to increase drug costs and health care premiums for 220 million privately insured Americans. That’s no exaggeration. It’s the inevitable economic outcome of Medicare drug price controls after the Senate rep scraped the bill’s inflation rebates this weekend.

Democrats know their Medicare “negotiations” — that is, price controls — could impact the commercial market. This was an argument they put forward with the Senateman to keep the bill’s requirement that drugmakers pay Medicare rebates if they raise prices in the commercial market faster than inflation.

https://www.wsj.com/articles/democrats-vote-to-raise-drug-prices-11659909247 Democrats Vote to Raise Drug Prices

Alley Einstein

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