The high cost of prescription drug price controls
- ccaplan7
- Dec 20, 2023
- 1 min read
In the summer of 2022, Congress passed and President Biden signed the Inflation Reduction Act, a bill that among other measures introduced a novel approach to prescription drug pricing. Americans ought to be deeply concerned about a specific provision of this act: the imposition of an outrageous excise tax on certain prescription drugs as a mechanism to enforce government price controls.