Inflation Reduction Act Will Destroy Drug Access
Last month at a White House event, President Joe Biden and Sen. Bernie Sanders, I-Vt., took a victory lap for supposedly having “beat Big Pharma” through drug-pricing provisions in the Inflation Reduction Act. Beaming with pride, they hailed new powers for Medicare to “negotiate” drug prices as a historic achievement.
But their self-congratulation rests on a false premise. Far from being a big win for Americans’ health, the IRA bankrolls billions of dollars’ worth of left-wing policy priorities at the expense of life-saving pharmaceutical innovation and seniors’ access to new medicines.
Worse, Biden and Sanders are pushing to expand the IRA’s drug-price provisions further. Doubling down on failure will only compound the damage.
Click to read the full article in Newsmax.
Read More