Price Controls Will Not Lower Drug Prices

Source: Town Hall
by Edward Longe

“There are 58 million Americans who cannot afford the drugs they need, and 34 million adults know someone who died because they could not afford medications. Earlier this month, the House Ways & Means Committee endorsed H.R. 3, a proposal that would set prescription drug price controls as one way to pay for the massive $3.5 trillion reconciliation bill. While price controls may seem like an effective policy solution, they will result in drug shortages, a loss of future innovative treatments, and deny patients access to critical medicines for severe diseases.” (10/11/21)