Congress and the media have demonized the pharmaceutical industry – how do you hate an industry that saves lives? – and their new bloated spending bill is paid for by extracting $288 billion from Medicare prescription drug spending and transferring the money to the green energy industry. The latter gives lots of money to Democrats. This is pay-to-play at its worst.
But here are the latest numbers on consumer prices. Drug prices aren’t at the top of the list, but near the bottom.
Incidentally. We can’t help wondering where the American Cancer Society and the Alzheimer’s and Parkinson’s and Epilepsy and MS foundations are financially assaulting the race for the cure. Our board member John Childs has a good piece on this.