Commentary

If You Like “Bidenomics,” You’ll Love His Drug Price Controls

By Timothy H. Lee
Thursday, September 07 2023

An increasingly frustrated Joe Biden insists on declaring Bidenomics a success, despite Americans’ overwhelming recognition of its obvious failure. Doubling down on that failure, Biden now aspires to do to pharmaceutical innovation and the healthcare sector what he’s done to the broader economy. To mark the first anniversary of the misnamed “Inflation Reduction Act” – it actually increases inflation, but that’s a separate topic – the Biden Administration announced that it had selected the first ten pharmaceuticals it will subject…

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