{"id":26305,"date":"2023-08-25T11:23:20","date_gmt":"2023-08-25T15:23:20","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=26305"},"modified":"2023-10-03T09:16:25","modified_gmt":"2023-10-03T13:16:25","slug":"innovation-killer-biden-administration-to-announce-ten-lifesaving-drugs-subject-to-destructive-bidenomics-price-controls","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/26305\/innovation-killer-biden-administration-to-announce-ten-lifesaving-drugs-subject-to-destructive-bidenomics-price-controls\/","title":{"rendered":"Innovation Killer: Biden Administration to Announce Ten Lifesaving Drugs Subject to Destructive “Bidenomics” Price Controls"},"content":{"rendered":"

CFIF recently marked the ignominious one-year anniversary<\/a> of the Biden Administration’s misnamed “Inflation Reduction Act” (IRA), whose title even Biden himself admitted was mistaken.<\/p>\n

We noted how, as a result of the IRA, drug shortages have already reached record highs, increasing by 30% between 2021 and 2022 alone, according to a report<\/a> in March from the Senate Committee on Homeland Security and Governmental Affairs.\u00a0 Another report<\/a> from the American Cancer Society also sounded the alarm on emerging drug shortages, caused in part by drug price control policies.\u00a0 Thus, just one year in, drug shortages have reached record levels under the looming threat of drug price controls, weaker intellectual property protections and regulatory browbeating.<\/p>\n

This week, as reported by Politico<\/em><\/a>, the same Biden Administration that called inflation “transitory”<\/a> and insists in the face of public blowback that “Bidenomics” is somehow succeeding announced that it will soon release the first ten prescription drugs selected for its destructive price control scheme:<\/p>\n

President Joe Biden has sought to sell health policies like the new Medicare negotiation program as part of a broader ‘Bidenomics’ agenda set to underpin his reelection campaign.\u00a0 The drug pricing push, he has argued, will help counter inflation and boost the economy by slashing the amount Americans have to shell out each year for critical medicines, although prices negotiated on the first set of drugs won\u2019t take effect until 2026.”<\/p><\/blockquote>\n

Given Biden’s shoddy record for accuracy and competence so far, Americans will be forgiven for their skepticism.\u00a0 As we noted, the consequence of price controls will be shortages and less innovation, which we’re already witnessing.\u00a0 Americans aren’t buying this “Bidenomics” pitch<\/a>, and will pay a heavy price unless and until these dangerous drug price controls are reversed.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

CFIF recently marked the ignominious one-year anniversary of the Biden Administration’s misnamed “Inflation Reduction Act” (IRA), whose title even Biden himself admitted was mistaken. We noted how, as a result of the IRA, drug shortages have already reached record highs, increasing by 30% between 2021 and 2022 alone, according to a report in March from […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5238,5100,500,5189,2872,5057,4805],"class_list":["post-26305","post","type-post","status-publish","format-standard","hentry","category-posts","tag-bidenomics","tag-drug-price-controls","tag-inflation","tag-inflation-reduction-act","tag-ip","tag-patents","tag-pharmaceuticals"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/26305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=26305"}],"version-history":[{"count":1,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/26305\/revisions"}],"predecessor-version":[{"id":26306,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/26305\/revisions\/26306"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=26305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=26305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=26305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}