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Imagine you’re traveling out of state to visit family. When you’re 15 minutes from grandma’s house, you decide to let her know you’ll be arriving soon. For some reason, your mobile phone doesn’t connect. So you stop at a payphone to call your phone provider. They tell you they shut off your service because you entered a new state. This scenario may seem absurd. But it’s an apt analogy for the regulatory regime governing many U.S. doctors. Telemedicine technology made it easier for physicians to provide care from afar. But t...
The Trump administration has proposed several reforms to drive down prescription drug prices. One measure would force pharmaceutical companies to mention the sticker prices of their medicines in television advertisements. The new mandate covers all prescriptions drugs reimbursed by Medicare or Medicaid that cost more than $35 a month. The administration hopes this change will empower patients to choose more affordable drugs and embarrass companies into reducing their prices. But the rule won’t achieve those goals. Instead, i...
