A major “deficit reduction” measure in Biden’s scam “Inflation Acceleration Act” was to impose price controls on new patented pharmaceutical drugs. This was supposed to SAVE the government more than $200 billion over the next decade, and lower Medicare costs.
But Tomas Philipson, an economist at the University of Chicago has found that Americans will suffer “health losses valued at $18 trillion” due to such factors as lost years of life, due to delaying the introduction of life-saving drugs. So, the societal costs are roughly two orders of magnitude higher than the government’s savings. Great idea, Joe.
What’s doubly scurrilous is that the AARP was a big cheerleader IN FAVOR of drug price controls even though a new McLaughlin poll finds that most seniors were against them because they delay cures for Alzheimer’s, Parkinson’s, Cancer, MS, and heart disease.
Why would AARP support a policy that hurts seniors? One reason, as our friends at American Commitment have found, is that AARP receives about $800 million a year from UnitedHealth by receiving a 5% kickback from selling the health insurance giant’s policies to AARP members. In turn, AARP uses millions of dollars of this money to help elect Democrats to Congress.
In other words, AARP serves as a big money bridge between UnitedHealth and the Democratic Party. If you’re a member of AARP, you might want to consider switching to a conservative alternative, such as AMAC or 60 Plus Association.
The full poll is available here: https://commitmenttoseniors.org/wp-content/uploads/2023/05/National-Survey-of-Senior-Voters-May-2023.pdf