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Price controls on drugs limit access more than price

Guest Commentary


Last updated 6/6/2019 at 8:27am

Congressional Democrats want to fundamentally transform Medicare by imposing socialist price controls on prescription drugs. But they know such drastic changes would be dead-on-arrival in the Republican-held Senate.

In the meantime, some of them are coalescing behind a more moderate-sounding proposal that would achieve a similar result.

This proposal, known as “binding arbitration,” would allow government-appointed arbitrators to dictate, er “negotiate,” drug prices.

Currently, Medicare pays for drugs in different ways. Medicines that patients buy from pharmacies are generally cov...

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