New drug pricing scheme means more government, less medicine

Freedomworks’ Kilian Laverty writes, “As we rapidly approach the holiday season, Democrats are in a mad dash to see their high-spending Big Government Socialism Bill passed through Congress. A grab-bag of left-wing priorities, this tax and spend package rewards Nancy Pelosi’s political allies while leaving the American people in the dust.

"Discouraging investment and pushing products out of the market that would otherwise provide millions of Americans with access to effective and low-cost treatments is a recipe for disaster." @KilianLaverty #ampFW https://t.co/zuR7fLGWZG

— FreedomWorks (@FreedomWorks) November 18, 2021

The multi-trillion-dollar reconciliation package includes a drug pricing scheme that purports to make medicine more affordable but actually does the opposite. The new drug pricing provisions have a disproportionate impact on the generic and biosimilar markets, the very products that drive the cost of medication down.”

Read the entire column.