The Biden administration has outlined a detailed prescription for even greater government control over Americans’ medications.
Biden unveiled the broad outlines in his March 7 State of the Union address, and the Department of Health and Human Services filled in the details in the president’s proposed $7.3 trillion fiscal 2025 budget submission.
If Biden’s policy agenda were enacted by Congress, federal officials would extend Medicare’s current price-control regime into the private sector, affecting American citizens’ access to new drugs and breakthrough medications.
In his address to Congress, Biden declared that “Americans pay more for prescription drugs than anywhere in the world. It’s wrong, and I am ending it.”
Under the misleadingly named Inflation Reduction Act, in 2026…
