https://reason.com/2023/02/09/bidens-drug-price-controls-will-kill-more-patients-in-the-long-run/
Biden's Drug Price Controls Will Kill
More Patients in the Long Run
Reason, by Ronald Bailey
Posted By: zoidberg, 2/10/2023 9:28:44 AM
Federal government interference has massively distorted American health care costs for decades. In his State of the Union address on Tuesday, President Joe Biden touted how the misnamed Inflation Adjustment Act (IRA) will further warp medical care costs by "finally giving Medicare the power to negotiate drug prices." The result is essentially putting price controls on prescription drugs. And price controls will do for prescription drugs what they do for all other products upon which they are imposed: create shortages, queues, black markets, and rationing.