Why Is Corporate America Cheering Price Controls?

We aren’t surprised that Democrats favor price controls on prescriptions drugs.  But we hoped corporate America would know better.

https://news.bloomberglaw.com/health-law-and-business/employerers-see-drug-price-plan-as-first-step-in-curbing-costs

Yet the American Benefits Council, which represents hundreds of large employers, said they were “very supportive of the provisions.”  The ERISA Industry Committee said “the negotiations provision will be a foot in the door” for price controls outside of Medicare.

Are these executives brain dead?  Don’t they understand they’re next in line for the slaughterhouse?  If the left has its way we’re headed for economywide price controls.

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