Biden-Harris’ Price-Fixing Scheme on Medicare Drug Costs Is a Prescription for Pain

‘We finally beat big pharma,’ president crows, but price controls always have unintended consequences

AP/Elise Amendola, file
Prescription medication. AP/Elise Amendola, file

The White House is touting a deal with pharmaceutical companies to shave $6 billion off Medicare costs by 2026, a move they say will save $1.5 billion for seniors. The headlines will score political points, but a less sunny prognosis is taking shape: More pain tomorrow for promises of relief today.

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