House Speaker Nancy Pelosi recently announced the details of her long-anticipated prescription drug reform plan.
Some have suggested that prescription drug reform is one area where President Trump can find common ground with the Democrats.
In the key component of her plan, Pelosi claims that her plan will lower drug costs for Medicaid recipients by allowing the government to "Negotiate" the price.
As the Washington Post reports, "The bill would impose severe penalties on drug makers that do not reach an agreement with the government or refuse to participate in the negotiation. They would face a noncompliance fee equal to 75 percent of the gross sales of the drug negotiated from the previous years."
The result is that drug companies would effectively be forced to "Sell" their products to the government at unrealistic prices.
While Democrats point to low drug prices in Europe and other nations, the reality is that patients in those nations often face longer waits for new drug therapies.
The Pelosi drug pricing plan is a heavy-handed pie-in-the-sky fantasy one expects from a more authoritarian government-not our own.
https://townhall.com/columnists/kenblackwell/2019/10/11/rejecting-democrats-socialist-healthcare-schemes-n2554555
Some have suggested that prescription drug reform is one area where President Trump can find common ground with the Democrats.
In the key component of her plan, Pelosi claims that her plan will lower drug costs for Medicaid recipients by allowing the government to "Negotiate" the price.
As the Washington Post reports, "The bill would impose severe penalties on drug makers that do not reach an agreement with the government or refuse to participate in the negotiation. They would face a noncompliance fee equal to 75 percent of the gross sales of the drug negotiated from the previous years."
The result is that drug companies would effectively be forced to "Sell" their products to the government at unrealistic prices.
While Democrats point to low drug prices in Europe and other nations, the reality is that patients in those nations often face longer waits for new drug therapies.
The Pelosi drug pricing plan is a heavy-handed pie-in-the-sky fantasy one expects from a more authoritarian government-not our own.
https://townhall.com/columnists/kenblackwell/2019/10/11/rejecting-democrats-socialist-healthcare-schemes-n2554555
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